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Oil Prices Surge 3% as U.S.-Iran Tensions Flare | Honolulu Star-Advertiser

Summary by Star Advertiser
HOUSTON >> Oil prices gained more than 3% today, climbing more than $3 a barrel, after comments by President Donald Trump and Iran’s foreign minister further dented hopes of a deal to end ship attacks and seizures around the Strait of Hormuz.

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Oil prices rise this Friday after US President Donald Trump’s comments and Iran’s Foreign Minister Abbas Araqchi diluted hopes for a peace agreement. The June contract of West Texas Intermediate (WTI) rises to 3.53%, to $104.75 per barrel. Meanwhile, the July contract of the North Sea Brent advances 2.98%, to $108.88 (Mexico City, 8:39 hours), according to data from the Intercontinental Exchange (ICE). The tone between the United States and Iran…

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Times of India broke the news in India on Friday, May 15, 2026.
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