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Oil prices surge above $100 as Trump warns Iran amid stalled ceasefire talks and Bitcoin dips below $77K.

Market News
17 May 2026
Bitcoin
View Source
Bearish
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Oil prices remain elevated above $100 per barrel following President Trump's stern warning to Iran that time is running out amid stalled U.S.-Iran ceasefire negotiations. The conflict, which began in February 2026, has disrupted oil flow through the strategic Strait of Hormuz, tightening global supply and pushing energy costs higher. Trump plans to convene the Situation Room to consider military options if Iran does not reopen the strait. Meanwhile, Bitcoin fell below $77,000, reflecting market jitters amid escalating geopolitical tensions. The situation remains fragile with no resolution in sight, keeping energy markets and cryptocurrencies volatile.

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