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Trump Warns Iran, Oil Prices Surge Above $111

5/19/2026

35 6 Full Breakdown

Summary

Story summary

U.S. President Donald Trump warned Iran that “clock is ticking,” prompting oil prices to rise Monday.
Brent rose 1.98% to $111.42 and WTI climbed 2.43% to $107.98, touching $108.70.
MCX crude surged up to 2.76% to INR10,357 per barrel.
Tasnim said U.S. sanctions may be briefly eased while Iran will not end its nuclear program.
Kotak Securities warned prices will stay volatile, with Brent support near $104 and resistance near $115.

History

Historical Context

In October 1973, OPEC’s embargo on nations backing Israel sparked the first oil crisis while President Richard Nixon grappled with the sudden price shock. The episode established a pattern where U.S. presidents, from Nixon to Donald Trump, cite Middle-East tensions to warn Iran and signal potential supply disruptions. The legacy endures as oil markets remain sensitive to geopolitical flare-ups.

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Story summary

U.S. President Donald Trump warned Iran that “clock is ticking,” prompting oil prices to rise Monday.
Brent rose 1.98% to $111.42 and WTI climbed 2.43% to $107.98, touching $108.70.
MCX crude surged up to 2.76% to INR10,357 per barrel.
Tasnim said U.S. sanctions may be briefly eased while Iran will not end its nuclear program.
Kotak Securities warned prices will stay volatile, with Brent support near $104 and resistance near $115.

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