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Daily Wire · Apr 22, 2026 12:10 PM EDT EnergyGeopolitics

Oil Prices Spike Dramatically As Iran Ceasefire Extends, Negotiations Stall

Oil prices spiked on Wednesday, with Brent crude climbing over $100 per barrel, after President Donald Trump extended the ceasefire with Iran. A second ceasefire extension likely caused worry for investors that negotiations are not progressing, which would account for the spike. Additionally, the U.S. benchmark — West Texas Intermediate crude — rose by more ...

Oil Prices Spike Dramatically As Iran Ceasefire Extends, Negotiations Stall
Image Daily Wire

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