Oil prices climbed on Monday, building on last week’s rally as the continued near-shutdown of the Strait of Hormuz kept supply concerns elevated.Brent crude futures for July delivery were up nearly 1 percent at $110.34 a barrel, while WTI crude futures for July delivery surged 1.3 percent to $102.29.Amid stalled peace talks, U.S. President Donald Trump has warned Iran the “clock is ticking” and th…
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Market Analysis
Oil Prices Extend Rally Amid Escalating Iran Tensions
2026-05-18 09:30:51
