finance
Trump Says Iran Peace Talks Time Limit Set as Oil Reaches $110
President Trump warned Iran that the clock is ticking on peace negotiations. Oil prices rose to $110 per barrel and U.S. gas prices reached nearly $4.52 a gallon.
May 18, 8:05 AM·1m read2 sources
NE
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President Trump warned Iran that the clock is ticking on peace negotiations and that the country should move quickly or risk losing everything. Oil prices rose and Wall Street stocks opened flat to slightly positive on Monday after the warning.
U.S. and Iran. S. 52 on Monday, up 52 percent since the war began.
The United Arab Emirates reported that it intercepted two drones while a third struck an electrical generator near the Barakah Nuclear Power Plant. Iran has clamped down on traffic in the Strait of Hormuz, a key oil shipping route.
Recent inflation reports showed price pressures linked to the conflict, which may affect Federal Reserve interest rate decisions. Trump stated that short-term economic pain would be worth the long-term goal of preventing Iran from obtaining a nuclear weapon.
“For Iran, the Clock is Ticking, and they better get moving, FAST, or there won’t be anything left of them.”
