Oil Price Today (April 21): Crude oil dips below $95 despite Iran war ceasefire ending this week. Here’s why

April 21, 2026

Oil prices dipped Tuesday as peace talks between the US and Iran are anticipated. This raises hopes for better supply from the Middle East. Market watchers are focused on potential agreements. However, the threat of renewed conflict and supply disruptions persists. Experts predict prices may stay in a range of $85 to $90, with a gradual rise possible.

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