Updated: 2026-05-21
- Iran’s Supreme Leader Mojtaba Khamenei has ordered that enriched uranium remain in the country.
- WTI crude oil rose above $100 per barrel, while Brent was trading at $108 per barrel.
- While oil prices were rising, Bitcoin and cryptocurrencies fell in price.
On Thursday, May 21, WTI crude oil bargained at a price above $100 per barrel, while Brent crude oil rose to $108 per barrel.
Oil prices rose again after reports emerged that Iran’s supreme leader had ordered enriched uranium to remain in the country. Traders see this measure as strengthening Tehran’s position in ongoing discussions on the nuclear issue and regional conflicts. This is especially important given that the US has demanded that Iran eliminate its enriched uranium stockpiles as a prerequisite for ending hostilities.
It turns out that the market is reacting not only to a direct military conflict, but also to the risk of a breakdown in negotiations between Iran and the United States, which could lead to even greater upheaval in the Strait of Hormuz. According to Trading Economics says oil prices have risen more than 64% year-on-year.
While oil prices are rising, kriptovalyuta overall, declining as market participants dumped risky assets amid concerns about inflation and a worsening macroeconomic situation. On the evening of May 21, Bitcoin was trading at $77,600, эфириум did not rise above $2,140.
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