Oil Prices Climb Amid Stalled Iran Nuclear Talks
Oil prices climbed for a third consecutive day due to ongoing disagreements in US-Iran nuclear negotiations, impacting global supply.
17 May 2026
Oil prices climbed for a third consecutive day due to ongoing disagreements in US-Iran nuclear negotiations, impacting global supply.
UK naval forces reported a commercial vessel seized off Fujairah and redirected toward Iranian waters, raising concerns for Gulf navigation and energy transit.
US oil waivers for Russia and Iran are expected to be renewed as April deadlines near, despite scrutiny over limited price relief and revenue effects.