United States warns Iran as oil prices surge
PUBLISHED May 18, 2026, 10:47 AM ET
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The United States saw sharp turbulence in energy and financial markets after President Donald Trump issued a stark warning to Iran on Truth Social, stating that “the clock is ticking” and urging Tehran to act quickly. The message, reported after a security call with Israeli Prime Minister Benjamin Netanyahu, raised concerns of renewed escalation in an 80‑day Middle East conflict. Traders reacted immediately, sending Brent crude above $110 per barrel and U.S. benchmark West Texas Intermediate to about $106. Analysts cited heightened risks around the Strait of Hormuz, increased U.S. naval activity near Iranian ports, and recent drone incidents in the UAE as key drivers of the oil shock and shifting interest-rate expectations.
By Adyan K. | JQJO News
Timeline of Events
- Earlier this year Brent trades near $70
- Recent weeks Iranian navy tightens Hormuz oversight
- Recent weeks United States boosts naval chokehold
- Recent drone incidents hit UAE infrastructure
- Today Trump posts ultimatum targeting Iran
- Today Brent crude jumps above $110 threshold
- Today West Texas Intermediate climbs past $106
- Today investors reassess prospects for rate cuts
News Intelligence
- Rising oil prices can hit your wallet. You may see higher gas prices at the pump and increased costs for home heating. If tensions escalate, these prices could climb even more. Keep an eye on your energy bills.
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