Oil extends gains as Trump says clock is ticking for Iran deal
Oil prices have risen as President Trump indicated that diplomatic negotiations with Iran are nearing an end. Brent crude is approaching $105 a barrel, while West Texas Intermediate is around $99. Trump's comments about the ceasefire being on 'massive life support' have heightened concerns over potential disruptions in oil supply.
- ▪Crude prices increased following President Trump's remarks about Iran.
- ▪Brent crude is nearing $105 a barrel, and West Texas Intermediate is about $99.
- ▪Trump described the ceasefire with Iran as being on 'massive life support'.
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<img src="https://static.cryptobriefing.com/wp-content/uploads/2026/05/17185326/oil-extends-gains-as-trump-says-clock-is-ticking-for-iran-de-1-800x420.jpeg" alt="Oil extends gains as Trump says clock is ticking for Iran deal" class="w-full aspect-[19/10] object-cover" /> Oil extends gains as Trump says clock is ticking for Iran deal Brent crude hovers near $105 a barrel as the president casts doubt on ceasefire prospects and calls Iran's response 'unacceptable.' Share Add us on Google by Editorial Team May. 17, 2026 Crude prices climbed after President Donald Trump signaled that diplomatic efforts with Iran are running out of runway, pushing Brent crude near $105 a barrel and West Texas Intermediate to roughly $99.
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