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.
jpost.comPresident 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.”
Key Facts
Story Timeline
3 events- May 17, 2026
President Trump posted that the clock is ticking for Iran on peace talks.
2 sourcesThe Washington Times · @Newsquawk - May 18, 2026
Brent crude oil touched $110 per barrel as tensions continued.
2 sourcesThe Washington Times · @Newsquawk - May 18, 2026
U.S. average gas price reached nearly $4.52 per gallon.
1 sourceThe Washington Times
Potential Impact
- 01
Higher oil prices may keep pressure on U.S. inflation readings.
- 02
Federal Reserve may delay interest rate cuts due to price pressures.
Transparency Panel
Related Stories
ibtimes.comSEC Chair Paul Atkins Says Congress Will Pass Crypto Legislation
SEC Chair Paul Atkins stated he is confident Congress will pass crypto market structure legislation. He added that President Trump will sign the bill into law.
asiaone.comIran Says Strait of Hormuz Management Belongs to Iran and Oman
Iran's Foreign Ministry spokesperson stated that control of the Strait of Hormuz must be decided solely by Iran and Oman. The spokesperson also said no agreement has been reached with the United States and that current focus remains on ending the war.
cnbc.comFed Official Highlights Regulatory Barriers to AI Productivity Gains
A Federal Reserve official stated that productivity growth remains key to economic expansion and that regulatory hurdles are the main obstacle to sustained gains from artificial intelligence.