May 18, 2026, 7:31 AM

Oil jumps as Trump warns 'Clock is Ticking' for Iran, fanning fears of escalation in conflict

Oil prices climbed on Thursday, reversing earlier declines, as remarks from former U.S. President Donald Trump fueled concerns about a potential escalation in the ongoing conflict involving Iran. The increase in crude prices followed two days of declines.

U.S. President Donald Trump stated in a Truth Social post on Sunday that "For Iran, the Clock is Ticking." These remarks contributed to renewed fears of heightened tensions in the region.

Crude oil prices rebounded sharply on Thursday, rising more than 5%, according to Investing.com. The jump occurred after two consecutive days of price decreases.

Alongside the rise in oil, stocks also slipped on Thursday, WTHI reported. The market movements were attributed to inflammatory remarks made by both President Trump and Iranian officials.

The current geopolitical climate, marked by the ongoing conflict in Iran, has seen President Trump issue threats of further escalation. NewsNation reported that oil prices have jumped again as the situation continues.

The International Energy Agency (IEA) has issued warnings regarding global oil inventories. Specific details of the IEA's warning were not immediately available.

Sources