---
title: "Oil turns lower after Trump says postponing attack on Iran with 'serious negotiations' underway"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286830361.md"
description: "Crude oil futures declined after President Trump announced a postponement of U.S. military strikes on Iran to facilitate negotiations. The July WTI contract fell 2% to $102.34/bbl, while the June contract dropped 1.2% to $107.37. The Trump administration also issued a new waiver for Russian crude sales. Analysts noted that while waivers may assist some countries, they won't significantly lower U.S. gasoline prices. Concerns over depleting oil inventories and ongoing tensions in the Strait of Hormuz continue to affect market dynamics."
datetime: "2026-05-19T00:05:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286830361.md)
  - [en](https://longbridge.com/en/news/286830361.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286830361.md)
---

# Oil turns lower after Trump says postponing attack on Iran with 'serious negotiations' underway

Crude oil futures fell post-market Monday after President Trump said he would hold off on planned U.S. military strikes on Iran at the request of Persian Gulf leaders to allow for negotiations that might lead to a deal to end the war. A day after warning the "clock is ticking" and "there won't be anything left of" Iran without progress in peace tal...

### Related Stocks

- [OXY.US](https://longbridge.com/en/quote/OXY.US.md)
- [IEZ.US](https://longbridge.com/en/quote/IEZ.US.md)
- [IXC.US](https://longbridge.com/en/quote/IXC.US.md)
- [USO.US](https://longbridge.com/en/quote/USO.US.md)
- [XES.US](https://longbridge.com/en/quote/XES.US.md)
- [VDE.US](https://longbridge.com/en/quote/VDE.US.md)
- [XOP.US](https://longbridge.com/en/quote/XOP.US.md)
- [XLE.US](https://longbridge.com/en/quote/XLE.US.md)
- [IEO.US](https://longbridge.com/en/quote/IEO.US.md)
- [CRAK.US](https://longbridge.com/en/quote/CRAK.US.md)
- [SCO.US](https://longbridge.com/en/quote/SCO.US.md)
- [OIH.US](https://longbridge.com/en/quote/OIH.US.md)
- [UCO.US](https://longbridge.com/en/quote/UCO.US.md)
- [BNO.US](https://longbridge.com/en/quote/BNO.US.md)

## Related News & Research

- [Capital Economics sees oil at $150 per barrel through 2027 in an extreme case](https://longbridge.com/en/news/286549728.md)
- [Oil rises more than 1% after drone attack on UAE nuclear power plant](https://longbridge.com/en/news/286683769.md)
- [ROI-ENERGY WATCH: Alarms and clocks](https://longbridge.com/en/news/286796437.md)
- [Fed's May inflation forecast spikes, rate cuts unlikely in 2026](https://longbridge.com/en/news/286852758.md)
- [Inflation surges as nearly the entire country hates Trump’s economy](https://longbridge.com/en/news/286117997.md)