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Oil prices stay above $110 as Trump halts Iran attack amid serious talks.

Market News
19 May 2026
Barrons
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Neutral
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Oil prices remained above $110 per barrel despite a slight dip after President Donald Trump announced he would delay a planned military strike on Iran. This decision comes as serious negotiations between the U.S. and Iran are reportedly underway, easing immediate geopolitical tensions. The Strait of Hormuz, a critical oil shipping route, continues to experience limited traffic, contributing to sustained high oil prices. The situation remains fluid as diplomatic talks progress, influencing global oil markets.

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