Oil extended gains and Treasury futures slipped as the US and Iran remained deadlocked in efforts to end nearly three months of conflict and restore shipping through the Strait of Hormuz.
Geopolitics Bloomberg May 17, 2026
Oil Gains, Treasury Futures Slip on Iran Deadlock: Markets Wrap
Oil extended gains and Treasury futures slipped as the US and Iran remained deadlocked in efforts to end nearly three months of conflict and restore shipping through the Strait of Hormuz.
