Trump Threatens Oman and Oil Prices Surge as US-Iran Ceasefire Expires
PUBLISHED Aug 18, 2026, 4:08 AM ET
Oil prices climbed above $90 a barrel on Tuesday, reaching $91.63, following the expiration of a two-month negotiation window for a peace deal in the U.S.-Israel conflict with Iran. The deadline lapsed on Monday without resolution, fueling regional tensions and disrupting global shipping lanes through the Strait of Hormuz. In a Fox News interview, President Donald Trump demanded Tehran's unconditional surrender and issued a direct threat against Oman, warning against interference in American operations. The escalation followed statements from Iranian officials signaling an offensive military posture, alongside a reported attack on a cargo ship transiting the strait. Brent crude surpassed $90 for the first time since late July, reflecting market anxieties over a prolonged energy supply disruption. Analysts note that diplomatic breakdowns and threats against intermediaries amplify geopolitical risks in global markets, though Trump stated he is not imposing a fresh deadline.
By Adyan K. | JQJO News
- Articles Published:
- 30
- Right Leaning:
- 4
- Left Leaning:
- 5
- Neutral:
- 21
- Distribution:
- Left 17%, Center 70%, Right 13%
Left: Emphasizes economic pain, diplomatic failure, and reckless presidential rhetoric. Center: Focuses objectively on market numbers, supply constraints, and geopolitical facts. Right: Highlights maximum pressure strategy and necessary resolve against Iranian aggression.
President Donald Trump threatened Oman and discussed ceasefire expiration on Fox News. https://www.theguardian.com/business/2026/aug/18/oil-prices-rise-us-iran-brent-crude-donald-trump
Coverage of Story:
From Left
Oil prices jump after US-Iran ceasefire expires and Trump threatens Oman
The Guardian CNN Al Jazeera The New York Times LatimesFrom Center
Oil prices climb, bond yields rise as US-Iran ceasefire expires
Indiatimes Indiatimes Pakistantoday Dtnpf Thestar Investing Straitstimes Bloomberg Ft AP News BBC Cnbc Politico The Washington Post ABC News CBS News NBC News USA Today Newsweek Time AxiosFrom Right
Energy Markets React as Trump Rules Out Iran Truce Extension
The Wall Street Journal Fox News The Wall Street Journal Dailymail
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