Oil plummeted after US President Donald Trump said the US is in the “final stages” with Iran, raising investor expectations for a near-term restart of energy flows through the critical Strait of Hormuz.
Energy Bloomberg May 19, 2026
Oil Falls as Trump Says US Is in ‘Final Stages’ With Iran
Oil plummeted after US President Donald Trump said the US is in the “final stages” with Iran, raising investor expectations for a near-term restart of energy flows through the critical Strait of Hormuz.
