Oil prices ‌fell on Tuesday (April 21, 2026), reversing gains in the previous session, on expectations peace talks between the U.S. and Iran will take place ⁠this week and allow more supply to flow from the key West Asian producing region. 

Brent futures declined 95 cents, or 1%, at $94.53, as of 0003 GMT. 

U.S. West Texas Intermediate (WTI) crude futures ‌for May fell $1.54, or 1.72%, to $88.07. The May contract expires on Tuesday (April 21, 2026) and the more-active June contract was down $1.09, or 1.3%, ‌at $86.37.

– Reuters

Iran launched a hunt for the U.S. crew whose jet Iranian media said had been shot down by the Iran’s air defence systems on Friday (April 3), deploying troops and offering a bounty.

U.S. media reported U.S. special forces had rescued one of the two crew members, and a local official television station in southwestern Kohgiluyeh and Boyer-Ahmad province aired footage of what it said was wreckage of the downed plane.

U.S. Central Command (CENTCOM), responsible for military operations in the West Asia, did not immediately respond to an AFP request for comment on what would be the first known loss of a jet inside Iran since Trump ordered the war.

“Dear and honourable people of Kohgiluyeh and Boyer-Ahmad province, if you capture the enemy pilot or pilots alive and hand them over to the police and military forces, you will receive a valuable reward and bonus,” said an Iranian television reporter on the official local channel.- AFP

A U.S. military refuelling aircraft crashed in western Iraq ‌on Thursday (March 12, 2026), in an incident U.S. Central Command said ⁠involved another aircraft but was not the result of hostile ‌or friendly fire.

In a statement, U.S. Central Command ‌said it was carrying out rescue efforts after the U.S. KC-135 refuelling aircraft went down. ‌The second aircraft landed safely.

“The incident occurred in friendly airspace ⁠during Operation Epic Fury, and rescue efforts are ongoing,” the ‌statement said, using the name of the U.S. operation against Iran.

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