diplomacyMay 18, 2026

Crude Oil Soars As U.S. Delays Responding To Iran's Peace Plan

Summary

(RTTNews) - Crude oil prices have surged on Monday, extending the gains from the two previous sessions as the U.S. administration takes time to respond to Iran's new peace proposal while the uncertainty surrounding reopening of the Strait of Hormuz holds.

Source: RTTNews — Read the full report

Actors involved

IsraelIranChina

Sources

RTTNewsBy RTTNews
(RTTNews) - Crude oil prices have surged on Monday, extending the gains from the two previous sessions as the U.S. administration takes time to respond to Iran's new peace proposal while the uncertainty surrounding reopening of the Strait of Hormuz holds. WTI Crude Oil for June m…

See this event through different lenses

Compare how different perspectives frame this event.

Compare Perspectives