Oil prices are a sensitive lottery. US oil prices bounced back after reports said that other claims about the US and Iran reaching a deal are false.

BREAKING: US oil prices rebound on reports stating that other reports claiming the US and Iran have reached a deal are false.

We now have reports on reports that are moving hundreds of billions of dollars in market cap. pic.twitter.com/QDr3q2wkTQ

— The Kobeissi Letter (@KobeissiLetter) October 20, 2026