Jitters on oil and bond markets as US-Iran peace talks stall
Jitters on oil and bond markets as US-Iran peace talks stall
BBC Business
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The useful update
- Jitters on oil and bond markets as US-Iran peace talks stall
- Energy markets have been on a wild ride as the key Strait of Hormuz waterway remains effectively closed
The stakes
- Energy markets have been on a wild ride after Iran effectively closed the key Strait of Hormuz waterway in retaliation for US and Israeli strikes on the country, which started on 28 February
- The oil market has been reacting swiftly to any signs of progress, or lack of it, towards a peace deal that will reopen the strait
The next check
- Energy markets have been on a wild ride as the key Strait of Hormuz waterway remains effectively closed
- If the story affects a decision, open the original BBC Business report and the relevant official page before relying on local prices or timing
Where this came from
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Original report Global oil prices and bond yields rise after Trump warns Iran over stalled peace talks
Publisher: BBC Business · Published May 18, 1:29 pm · bbc.com
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The short version
Energy markets have been on a wild ride as the key Strait of Hormuz waterway remains effectively closed
The price of oil slumped on Monday after US President Donald Trump said he was holding off a military attack on Iran planned for Tuesday at the request of Gulf states
The global benchmark Brent crude sank from $112 (£83) to $109 after Trump made the comments on Truth Social
What happened
- Jitters on oil and bond markets as US-Iran peace talks stall
- Energy markets have been on a wild ride as the key Strait of Hormuz waterway remains effectively closed
- The price of oil slumped on Monday after US President Donald Trump said he was holding off a military attack on Iran planned for Tuesday at the request of Gulf states
- The global benchmark Brent crude sank from $112 (£83) to $109 after Trump made the comments on Truth Social
- Before the social media post, the price had swung throughout Monday
Why this matters
- Energy markets have been on a wild ride after Iran effectively closed the key Strait of Hormuz waterway in retaliation for US and Israeli strikes on the country, which started on 28 February
- The oil market has been reacting swiftly to any signs of progress, or lack of it, towards a peace deal that will reopen the strait
- The practical value is the source trail: BBC Business is the place to check before acting on prices, dates, availability, or local implications
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BBC Business
Original articleOil price slumps as Trump says he called off Iran attacks
Image from BBC Business via the original article.
BBC Business
Image from BBC Business via the original article.
BBC Business
Original articleOil price slumps as Trump says he called off Iran attacks
Image from BBC Business via the original article.
BBC Business
Original articleOil price slumps as Trump says he called off Iran attacks
Image from BBC Business via the original article.