NYSEARCA:PXJ

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At Close: Jun 18, 2026
President Trump said that U.S. will hit Iran in case negotiations fail.
The near-standstill at the Strait of Hormuz has forced countries to get much-needed energy products via routes that were relatively quiet only a few months ago.
The oil markets continue to see a lot of noise, mainly in the form of guessing as to what the Americans and Iranians are going to be doing going forward.
For questions or corrections, contact the Kitco News editorial team.
Daan Struyven, Goldman Sachs co-head of global commodities research, joins 'Squawk Box' to discuss the global oil markets, oil price outlook, supply concerns, and more.
Rising oil prices often trigger recession, but high and stable oil prices don't. This distinction is key to understanding the effects of the current jump in energy costs that resulted from closure of
After multiple deadlines and threats of fresh attacks, traders don't seem to believe that further escalation is a genuine risk.
One month-plus into the truce, supply-demand dynamics dominate as US production stays robust and OPEC+ adjusts output. WTI defends blue channel support with strong bounce, Brent holds firm, and NatGas
Oil prices may stay volatile as diplomacy cools the war-risk premium, while the closed Strait of Hormuz and tight inventories continue to support the broader bullish trend.
Oil fell after Trump delayed a planned strike on Iran. Gulf leaders had urged Washington to hold off military action.

Oil Falls as Supply-Disruption Concerns Ease

08:38pm, Monday, 18'th May 2026
Oil fell in early trade amid easing supply-disruption concerns.
U.S. crude futures fell more than ​2% in early ‌Asian trade on Tuesday after U.S. President Donald ​Trump said he ​had paused a planned ⁠attack on Iran ​to allow for negotiations ​to end
A record 9.9 million barrels of oil were shipped out ​from the U.S. Strategic Petroleum Reserve last week, data from ‌the Department of Energy showed on Monday, pushing the total volumes in the U.
Oil markets test new highs amid rising geopolitical risks.
Oil futures climbed on Monday, getting a boost after President Donald Trump warned that the “clock is ticking” on Iran, but a loss of the buffers used to cushion supply disruptions could spark the
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