Pumpjacks operate while others stand idle in the Belridge oil field near McKittrick, Calif., on March 10, 2026. Mario Tama/Getty ImagesOil prices jumped on May 18 after a drone strike near the United Arab Emirates’ nuclear power plant, as President Donald Trump warned Iran that “the clock is ticking” for progress in the U.S.-Iran peace.The global benchmark for Brent crude rose 1.85 percent on May 18 to $111.29 a barrel, its highest since May 5, when it traded above $109 per barrel in intraday trading.
Oil Prices Climb Higher After Drone Attacks on UAE Nuclear Plant
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