Latest Oil Market News and Analysis for Aug. 18

Oil ticked higher as prospects for a resolution of the US-Iran war receded, with President Donald Trump saying he’s not interested in extending an expiring agreement with Tehran.

By Yongchang Chin

Trump Threatens to Bomb Oman if It ‘Gets in the Way’ of Iran Conflict - WSJ

Trump Threatens to Bomb Oman if It ‘Gets in the Way’ of Iran Conflict  WSJ

Trump says Iran will not make the deal he believes is necessary

Trump says Iran will not make the deal he believes is necessary

Trump lets 60-day deadline for Iran peace deal expire, threatens to ‘bomb’ Oman

US President Donald Trump said on Monday that he would not seek to extend the memorandum of understanding with Iran, claiming that while Iran wants to make a deal, “they’re not going to make the kind of a deal that I feel is necessary”. The agreement aimed to end the war and restore commercial navigation through the Strait of Hormuz, a vital global energy chokepoint, but negotiations stalled as both sides accused each other of violating the deal. Pakistan brokered the memorandum of...

By Lucy Quaggin

Trump says U.S. will bomb Oman if it ‘gets in the way’ over Iran war

The two Middle East nations have been involved in parallel discussions over the Strait of Hormuz, with Tehran warning a deal won’t necessarily translate into a reopening of the crucial maritime route

By Bloomberg News

China, the EU, and Singapore are pushing back against the White House’s new ‘Great Transshipment Scam’ report

House rent in most EU capitals exceed minimum wage

In numerous EU capitals, rent prices outstrip the minimum wage, significantly impacting low-income earners. Cities like Prague and Lisbon record the highest rent-to-income ratios, especially for two-bedroom apartments. Other capitals also indicate rental costs above the gross monthly minimum wage. However, Brussels and Berlin provide relatively affordable housing options for those earning minimum wage. The escalating housing expenses continue to be a critical issue for workers across Europe.

By TOI REAL ESTATE DESK

Turkey's Erdogan urges Trump to continue US-Iran talks, offers support in diplomatic efforts

The Turkish foreign minister seperately spoke with his Iranian counterpart in a call on Tuesday, where the two discussed efforts to open the Strait of Hormuz and continue the US-Iran ceasefire.

Turkey, Iran discuss efforts to open Strait of Hormuz, continue US-Iran ceasefire

Turkish Foreign Minister Hakan Fidan on Monday discussed efforts to open the Strait of Hormuz and ensure the continuation of a ceasefire between Iran and the U.S. during a call with his Iranian counterpart Abbas Araqchi, a Turkish diplomatic source said, without elaborating. Earlier, a senior Iranian official told Reuters that Tehran had decided to […]

Trump threatens to bomb Oman if it gets in way of Iran deal: report

US President Donald Trump on Monday threatened to bomb Oman if it “gets in the way” of a deal with Iran on the Strait of Hormuz and called for Iran to surrender. “If Oman gets in the way, we’ll bomb the s*** out of them,” Trump told Fox News correspondent Trey Yingst, referring to ongoing talks between Oman and Iran on control of the strait, while Washington is also pursuing its own talks. Iranian and Omani officials have been talking for weeks on future maritime na...

By none@none.com (AFP)

Italy's working-life expectancy just 33 years, 2nd lowest in EU says CNA

(ANSA) - ROME, AUG 17 - Italy's working-life expectancy is just 33 years, the second lowest in the EU, think tank CNA said Monday. Italy is one of the European countries where people live longest, but also one of those with the fewest years spent in the labour market. In 2025, the expected working life expectancy stood at 33 years, the second lowest figure in the European Union after Romania and a full four and a half years less than the EU average of 37.5 years. The CNA notes this, explainin...

By ANSA

Trump threatens to bomb Oman if it gets in way of Iran deal

“If Oman gets in the way, we’ll bomb the shit out of them,” Trump told a Fox News journalist.

Stock Rally Falters as US-Iran Risk Fuels Oil Gain: Markets Wrap - SWI swissinfo.ch

Stock Rally Falters as US-Iran Risk Fuels Oil Gain: Markets Wrap  SWI swissinfo.ch

Ukraine urges EU to finally sanction Russia's nuclear giant Rosatom after new safety failures - The Kyiv Independent

Ukraine urges EU to finally sanction Russia's nuclear giant Rosatom after new safety failures  The Kyiv Independent

Trump threatens to bomb Oman if it 'gets in the way' of US-Iran negotiations

Says that Iran should surrender to end a war with the US

By Reuters

Erdoğan, Trump discuss Iran tensions, Gaza peace process

President Recep Tayyip Erdoğan and U.S. President Donald Trump discussed Türkiye-U.S. ties and pressing regional and global developments in a phone call, with the Turkish leader st...

Erdoğan says EU membership is not a priority for Turkey

Turkish President Recep Tayyip Erdoğan said in an interview aired Sunday that European Union membership was no longer a priority for Ankara, signaling a retreat from a goal that shaped the early years of his government and that he called strategic as recently as 2024. “Europe has not admitted Turkey for 53 years and does […] The post Erdoğan says EU membership is not a priority for Turkey appeared first on Stockholm Center for Freedom.

By SCF

Trump threatens to bomb Oman if it gets in way of Iran deal

US President Donald Trump threatened on Monday to bomb Oman, 60 days after the signing of a memorandum of understanding towards a peace deal to end the war between the United States and Iran. The post Trump threatens to bomb Oman if it gets in way of Iran deal appeared first on Vanguard News.

By Henry Oduah

Erdogan: EU membership is no longer a priority for Turkey – What he said about F-35s & the Strait of Hormuz

Turkey’s membership in the European Union “is no longer a priority” for Ankara, Turkish President Recep Tayyip Erdogan said, arguing that “Europe will be the loser” as a result of this development The post Erdogan: EU membership is no longer a priority for Turkey – What he said about F-35s & the Strait of Hormuz appeared first on ProtoThema English.

By Newsroom

EU, US Remain Largest Sources of Money Transfers to Georgia in July

Money transfers to Georgia from abroad totaled USD 350.05 million in July 2026, up 3.9% year-on-year, or USD 13.1 million, according to the latest data published by the National Bank of Georgia (NBG) on August 17. The European Union and the United States remained the largest sources of transfers, together accounting for 63% of total …

By Civil.ge