Oil Prices Rise Amid Renewed Tensions Between Trump Administration and Iran Over Strait of Hormuz

Oil prices climbed for a third consecutive day as President Donald Trump renewed threats against Iran over its refusal to reopen the Strait of Hormuz. The geopolitical tensions have kept oil flows constrained, with Brent crude rising above $111 per barrel and West Texas Intermediate approaching $108.

By Rong Wei Neo Mon, May 18, 2026 at 9:27 AM GMT+3 2 min read · Yahoo Finance · May 18, 2026, 06:27 UTC

Tickers: $MS

Topics: commodities iran oil strait_of_hormuz trump

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