Events Archive
strikeMay 18, 2026
Oil prices today: Crude jumps 2% after UAE nuclear plant attack amid 80-day Hormuz closure
Summary
Oil prices extended their rally on Monday, jumping more than 2% as intensifying geopolitical tensions kept traders on edge and efforts to de-escalate the Middle East conflict showed little progress. Sentiment was further shaken after reports of an attack on a nuclear power plant in the United Arab Emirates.
Actors involved
USIsraelIranProxy
Sources
- TOI Business DeskBy TOI Business Desk
Oil prices extended their rally on Monday, jumping more than 2% as intensifying geopolitical tensions kept traders on edge and efforts to de-escalate the Middle East conflict showed little progress. Sentiment was further shaken after reports of an attack on a nuclear power plant …
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