May 20, 2026
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Oil Extends Decline as Traders Weigh Trump’s Latest Iran Threats

Oil fell for a second day as traders weighed US President Donald Trump’s latest threat to resume strikes on Iran. Paul Sankey, Founder of Sankey Research, discusses the outlook for gasoline prices hea

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ManyPress Editorial Team

ManyPress Editorial

May 20, 2026 · 2:52 PM1 min readSource: Bloomberg Markets
Oil Extends Decline as Traders Weigh Trump’s Latest Iran Threats

Oil fell for a second day as traders weighed US President Donald Trump’s latest threat to resume strikes on Iran. Paul Sankey, Founder of Sankey Research, discusses the outlook for gasoline prices heading into the summer as the Strait of Hormuz remains shuttered.

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This article was independently rewritten by ManyPress editorial AI from reporting originally published by Bloomberg Markets.

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