Oil prices jump, stocks retreat on US-Iran deadlock
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Source: The Manila Times
Published: 2026-05-12 23:09 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Transport, Middle East, Europe, Military & Defence, Iran, Energy, Economy & Finance, Financial Markets, World News, Business & Economy, War & Conflict
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Snippet:
LONDON, United Kingdom — Oil prices rallied and stock markets fell Tuesday as investors braced for further volatility after talks appeared to stall on ending the war in the Middle East and re-opening the Strait of Hormuz to tanker and cargo ship traffic.
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