Oil Prices Edge Higher as Cease-Fire Remains Tenuous

Event overview

Oil rises as Iran-U.S. deadlocked peace talks fan fears of extended supply disruption

Updated 2 days ago
CNBC
The New York Times
CNN
Washington Times
Reuters
7 articles6 sources
Multiple perspectives

Oil prices rose as Iran-U.S. talks remained deadlocked, with traders worried about extended supply disruption. Reuters reports a backdrop of geopolitical tension and price moves, while CNBC notes Trump’s warning contributed to the stall in negotiations. The New York Times and CNN describe warning signs affecting cease-fire status and gas prices, aligning on a rising oil market. Washington Times highlights a $110 per barrel touch as talks stall. The disparity centers on whether the impasse will provoke a longer disruption; sources differ on the likelihood and immediacy of a resolution, but agree prices are holding higher.

What this means

Oil market sensitivity to the Iran-U.S. deadlock creates a tangible risk of extended supply disruption, cited by CNBC and CNBC’s Asia-Pacific market piece, with potential price firmness as traders await a resolution.

Original reporting (7)
Asia-Pacific markets fall as Trump’s Iran warning stokes fresh oil supply fears
CNBC
CNBC
Leaning left
5/18/2026

Asia-Pacific markets fall as Trump’s Iran warning stokes fresh oil supply fears

Asia-Pacific markets fell as investors weighed renewed geopolitical tensions after Donald Trump warned Iran to "get moving, FAST."

Oil rises as Iran-U.S. deadlocked peace talks fan fears of extended supply disruption
CNBC
CNBC
Leaning left
5/18/2026

Oil rises as Iran-U.S. deadlocked peace talks fan fears of extended supply disruption

Trump's warning to Iran over the weekend signals that the impasse between Washington and Tehran over ending the war could deteriorate into resumption of armed conflict.

Oil Prices Edge Higher as Cease-Fire Remains Tenuous
The New York Times
The New York Times
Leaning left
5/18/2026

Oil Prices Edge Higher as Cease-Fire Remains Tenuous

Oil prices rose after President Trump issued a new warning to Iran, calling into question the tenuous cease-fire in the war.

Trump has only one real option to slash gas prices | CNN Business
CNN
CNN
Strongly left
5/18/2026

Trump has only one real option to slash gas prices

The energy crisis is a financial nightmare for Main Street and a political nightmare for the White House. Inflation is racing back to life, real wages are shrinking and voters are blaming President Donald Trump for $4.50-a-gallon gas. Trump now faces a break-the-glass moment to avoid gas prices from blowing past.

Oil touches $110 per barrel as Trump warns Iran to hurry up on peace talks
Washington Times
Washington Times
Leaning right
5/18/2026

Oil touches $110 per barrel as Trump warns Iran to hurry up on peace talks

Oil prices rose, and Wall Street stocks were flat to start the trading week on Monday after President Trump warned Iran the “clock is ticking” on peace negotiations. Brent crude oil, an international benchmark, touched $110 per barrel as the U.S. and Iran struggle to reach a lasting peace deal. “For Iran , the Clock.

A pump jack operates near a crude oil reserve in the Permian Basin oil field near Midland, Texas, U.S. February 18, 2025. REUTERS/Eli Hartman/File Photo
Reuters
Reuters
Balanced
5/18/2026

Oil falls over 2% as Trump says he holds off scheduled attack on Iran

Reporting by Anmol Choubey ​in Bengaluru and Trixie Yap in Singapore; Additional reporting by Pooja Menon; Editing by Chris Reese, Sonali Paul and Thomas Derpinghaus Our Standards: The Thomson Reuters Trust Principles. , opens new tab Anmol reports on commodities markets, focusing on metals, energy, and agriculture.

A petrol pump attendant fills fuel in a vehicle at a petrol station, on 16 May, 2026 in New Delhi, India.
BBC News
BBC News
Leaning left
5/18/2026

Oil price slumps as Trump says he called off Iran attacks

The price of oil slumped on Monday after US President Donald Trump said he was holding off a military attack on Iran planned for Tuesday at the request of Gulf states. The global benchmark Brent crude sank from $112 (£83) to $109 after Trump made the comments on Truth Social. Before the social media post, the price.