{"id":127480,"date":"2026-05-21T11:27:55","date_gmt":"2026-05-21T07:27:55","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=127480"},"modified":"2026-05-21T11:27:57","modified_gmt":"2026-05-21T07:27:57","slug":"oil-climbs-as-trump-warns-strikes-right-on-the-borderline-iran-launches-hormuz-toll-authority-as-talks-teeter","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/oil-climbs-as-trump-warns-strikes-right-on-the-borderline-iran-launches-hormuz-toll-authority-as-talks-teeter\/05\/21\/market-updates\/","title":{"rendered":"Oil Climbs as Trump Warns Strikes &#8220;Right on the Borderline&#8221;: Iran Launches Hormuz Toll Authority as Talks Teeter"},"content":{"rendered":"\n<h1 class=\"wp-block-heading\"><\/h1>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Key Takeaways<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Oil recovers:<\/strong> Brent crude rose 0.6% to $105.61 per barrel, while WTI gained 0.8% to $94.77 \u2014 rebounding from two days of losses.<\/li>\n\n\n\n<li><strong>Trump&#8217;s mixed signals:<\/strong> The president said the U.S. is ready to strike Iran but is willing to wait &#8220;a few days.&#8221;<\/li>\n\n\n\n<li><strong>Situation &#8220;on the borderline&#8221;:<\/strong> Trump described the standoff as teetering between diplomacy and military action.<\/li>\n\n\n\n<li><strong>Iran reviewing U.S. response:<\/strong> Iranian state media said officials are examining Washington&#8217;s latest position on ending the war.<\/li>\n\n\n\n<li><strong>Tehran&#8217;s counter-warning:<\/strong> Iran warned that renewed U.S.-Israeli attacks could greatly escalate the conflict.<\/li>\n\n\n\n<li><strong>Persian Gulf Strait Authority launched:<\/strong> Iran created a new body to control traffic in the Strait of Hormuz and outlined plans to charge tolls.<\/li>\n\n\n\n<li><strong>Hormuz still largely shut:<\/strong> Despite two Chinese tankers crossing Wednesday, traffic remains at a fraction of pre-war levels.<\/li>\n\n\n\n<li><strong>20% of global oil disrupted:<\/strong> Hormuz&#8217;s closure continues to underpin crude prices.<\/li>\n\n\n\n<li><strong>Massive inventory draw:<\/strong> U.S. crude inventories fell 7.9 million barrels last week \u2014 far exceeding the 2.9 million expected.<\/li>\n\n\n\n<li><strong>Export surge:<\/strong> Washington ramped up crude sales to other countries to plug global supply gaps.<\/li>\n\n\n\n<li><strong>Gasoline draw smaller:<\/strong> Gasoline inventories fell only 1.5 million barrels versus 2.1 million expected, raising questions about demand.<\/li>\n<\/ul>\n\n\n\n<p>Oil prices rose during Asian trading on Thursday after U.S. President Donald Trump said Washington was ready to strike Iran if the country did not agree to a peace deal.<\/p>\n\n\n\n<p>But Trump also noted that he was willing to wait on more military action, having earlier flagged progress in negotiations with Tehran.<\/p>\n\n\n\n<p>Separately, Iranian media reports showed the country was reviewing the latest U.S. response to its peace proposal.<\/p>\n\n\n\n<p>Brent oil futures for July rose 0.6% to $105.61 a barrel, while West Texas Intermediate crude futures rose 0.8% to $94.77 a barrel by 01:01 ET (05:01 GMT).<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Oil Recovers from Two Days of Losses on Mixed Iran Signals<\/h2>\n\n\n\n<p>Oil recovered after falling sharply on Wednesday, when Trump flagged progress in talks with Iran.<\/p>\n\n\n\n<p>But Trump later on Wednesday warned that the U.S. was ready to proceed with strikes against Iran, and that the situation was &#8220;right on the borderline.&#8221;<\/p>\n\n\n\n<p>Trump said he could wait &#8220;a few days&#8221; before any further action.<\/p>\n\n\n\n<p>Tehran rebuked Trump&#8217;s threat, warning against renewed U.S. and Israeli attacks, and that any such move could greatly escalate the war. But state media reports showed officials were reviewing the latest U.S. position on ending the war.<\/p>\n\n\n\n<p>Iran also launched a new &#8220;Persian Gulf Strait Authority&#8221; to control traffic in the Strait of Hormuz, having earlier outlined plans to charge tolls in the channel.<\/p>\n\n\n\n<p>Hormuz remained largely closed. While data on Wednesday showed two Chinese oil tankers had successfully crossed the channel, traffic through the crossing remained at a fraction of pre-war levels.<\/p>\n\n\n\n<p>Hormuz supplies roughly 20% of the world&#8217;s oil, with its closure being a key driver of elevated crude prices as global supply was disrupted.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">U.S. Inventories Fall More Than Expected<\/h2>\n\n\n\n<p>Data released on Wednesday showed an outsized weekly drop in U.S. oil inventories last week, as Washington ramped up oil exports to help plug some supply gaps stemming from Hormuz&#8217;s closure.<\/p>\n\n\n\n<p>Crude oil inventories fell 7.9 million barrels in the week to May 15 \u2014 much more than expectations for a 2.9 million barrel draw.<\/p>\n\n\n\n<p>The drop was driven by a mix of both domestic and overseas demand. Oil exports remained strong as Washington ramped up its crude sales to other countries.<\/p>\n\n\n\n<p>Gasoline inventories fell 1.5 million barrels last week, less than expectations for a 2.1 million barrel draw. The smaller-than-expected decline raised some questions over slowing fuel demand in the face of rising gasoline prices.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Oil recovers: Brent crude rose 0.6% to $105.61 per barrel, while WTI gained 0.8% to $94.77 \u2014 rebounding from two days of losses. Trump&#8217;s mixed signals: The president said the U.S. is ready to strike Iran but is willing to wait &#8220;a few days.&#8221; Situation &#8220;on the borderline&#8221;: Trump described the standoff as &hellip;<\/p>\n","protected":false},"author":9,"featured_media":58279,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,6827,49,36],"tags":[],"class_list":["post-127480","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-daily-economic-reports","category-economic-reports","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/127480","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=127480"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/127480\/revisions"}],"predecessor-version":[{"id":127481,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/127480\/revisions\/127481"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/58279"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=127480"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=127480"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=127480"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}