Oil Prices Slip After Trump Backs Away From Fresh Attack -- WSJ

Dow Jones05-19

By Joe Wallace

Brent crude futures, the oil market's benchmark, are down today but still trading close to their highest levels since the war in Iran began in late February.

Calming the market after two days of pacey gains, President Trump backed away from a threat to start attacking Iran again on Monday. That kept dangling the prospect of a peace deal in which both sides agree to let ships sail unhindered through the Strait of Hormuz, unleashing trapped oil and refined products from the Persian Gulf.

Also on Monday, Treasury Secretary Scott Bessent said his department was issuing a "temporary" 30-day license freeing other countries to import Russian oil without fear of sanctions. It's the second time the U.S. Treasury has extended the waiver, which it first introduced when oil prices were surging in March.

The latest iteration applies to oil that loaded onto tankers by April 17.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

May 19, 2026 08:31 ET (12:31 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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That kept dangling the prospect of a peace deal in which both sides agree to let ships sail unhindered through the Strait of Hormuz, unleashing trapped oil and refined products from the Persian Gulf. \n</p>\n<p>\n     Also on Monday, Treasury Secretary Scott Bessent said his department was issuing a \"temporary\" 30-day license freeing other countries to import Russian oil without fear of sanctions. It's the second time the U.S. Treasury has extended the waiver, which it first introduced when oil prices were surging in March. \n</p>\n<p>\n     The latest iteration applies to oil that loaded onto tankers by April 17. \n</p>\n<p>\n       This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 19, 2026 08:31 ET (12:31 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Oil Prices Slip After Trump Backs Away From Fresh Attack -- WSJ</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOil Prices Slip After Trump Backs Away From Fresh Attack -- WSJ\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-05-19 20:31</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n       By Joe Wallace \n</p>\n<p>\n     Brent crude futures, the oil market's benchmark, are down today but still trading close to their highest levels since the war in Iran began in late February. \n</p>\n<p>\n     Calming the market after two days of pacey gains, President Trump backed away from a threat to start attacking Iran again on Monday. That kept dangling the prospect of a peace deal in which both sides agree to let ships sail unhindered through the Strait of Hormuz, unleashing trapped oil and refined products from the Persian Gulf. \n</p>\n<p>\n     Also on Monday, Treasury Secretary Scott Bessent said his department was issuing a \"temporary\" 30-day license freeing other countries to import Russian oil without fear of sanctions. It's the second time the U.S. Treasury has extended the waiver, which it first introduced when oil prices were surging in March. \n</p>\n<p>\n     The latest iteration applies to oil that loaded onto tankers by April 17. \n</p>\n<p>\n       This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 19, 2026 08:31 ET (12:31 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PXE","symbol_name":"Invesco Energy Exploration & Production ETF","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2636856257","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2636856257","pubTimestamp":1779193860,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Brent crude futures, the oil market's benchmark, are down today but still trading close to their highest levels since the war in Iran began in late February.Calming the market after two days of pacey gains, President Trump backed away from a threat to start attacking Iran again on Monday. 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That kept dangling the prospect of a peace deal in which both sides agree to let ships sail unhindered through the Strait of Hormuz, unleashing trapped oil and refined products from the Persian Gulf. \n\n\n     Also on Monday, Treasury Secretary Scott Bessent said his department was issuing a \"temporary\" 30-day license freeing other countries to import Russian oil without fear of sanctions. It's the second time the U.S. Treasury has extended the waiver, which it first introduced when oil prices were surging in March. \n\n\n     The latest iteration applies to oil that loaded onto tankers by April 17. \n\n\n       This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n\n\n  (END) Dow Jones Newswires\n\n\n  May 19, 2026 08:31 ET (12:31 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.2","shortVersion":"4.42.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2636856257","isCrawlerRequest":true}