Watch Oil Extends Decline as Traders Weigh Trump’s Latest Iran Threats - Bloomberg

May 20th, 2026

Oil Extends Decline as Traders Weigh Trump’s Latest Iran Threats

Oil fell for a second day as traders weighed US President Donald Trump’s latest threat to resume strikes on Iran. Paul Sankey, Founder of Sankey Research, discusses the outlook for gasoline prices heading into the summer as the Strait of Hormuz remains shuttered.

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