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Oil prices jump after US-Iran ceasefireexpires and Trump threatens Oman

Brent crude rises above $90 a barrel for the first time since 30 July after US president tells Tehran to surrender

Read full story on The Guardian
Alex Daniel18 Aug 2026, 11:50 amUpdated 6d ago1 min readBusinessGlobal
Oil prices jump after US-Iran ceasefire expires and Trump threatens Oman

GlobalAlex Daniel

Brent crude rises above $90 a barrel for the first time since 30 July after US president tells Tehran to surrender

Oil prices have risen again after the two-month window to negotiate a peace deal in the US-Israel war on Iran expired on Monday with no end to the conflict in sight.

Iran said on Monday that it would take a more aggressive stance if talks with the US failed, while Donald Trump demanded Tehran “put up the white flag of surrender” in an interview with Fox News.

Oil prices have risen again after the two-month window to negotiate a peace deal in the US-Israel war on Iran expired on Monday with no end to the conflict in sight.

This report is published with credit to The Guardian. The wire sent a summary; open the original for any extra context. Read on The Guardian

Source: The Guardian · Alex Daniel. Published 18 Aug 2026, 11:50 am.

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