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Brent Climbs Above $106/bbl

The 11:26 surge dovetailed with news that Iranian Supreme Leader Mojtaba Khamenei has reportedly ordered that near-weapons-grade uranium....
Published: May 21, 2026
Written by:
Mita Chaturvedi

Mita Chaturvedi

Research Associate, Flux
Mita Chaturvedi
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The Jul’26 Brent futures contract eased from a high of $106.50/bbl at 07:50 BST this morning to briefly dipping below $104/bbl, where it met a floor. Prices eventually surged to $106.10/bbl at 11:26 BST, and stand at $106.60/bbl at 11:36 BST (time of writing)....

The Jul’26 Brent futures contract eased from a high of $106.50/bbl at 07:50 BST this morning to briefly dipping below $104/bbl, where it met a floor. Prices eventually surged to $106.10/bbl at 11:26 BST, and stand at $106.60/bbl at 11:36 BST (time of writing). The 11:26 surge dovetailed with news that Iranian Supreme Leader Mojtaba Khamenei has reportedly ordered that near-weapons-grade uranium mu

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