Iranian Official Says No Deal Has Been Reached Yet, but Gaps Have Narrowed

FXStreetMay 22, 2026 12:34 AM

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Senior Iranian officials said that no deal has been reached with the United States (US), but gaps have been narrowed, Reuters reported on Friday. However, Islamic Republic’s Supreme Leader, Mojtaba Khamenei, stated that Iran’s uranium enrichment and Tehran’s control over the Strait of Hormuz remain among the sticking points.

Market reaction

At the time of writing, the West Texas Intermediate (WTI) is down 0.41% on the day at $96.83.

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