Trending Now - Wall Street Faces Volatility Amid Oil Crisis and Earnings Watch
WHO:
Fortune - President Trump stated, “the clock is ticking” for Iran and warned if the regime doesn’t make a better deal “they are going to get hit much harder.”
CNBC - President Trump stated that Iran had to "get moving" or there "won't be anything left."
Fortune - President Trump is weighing military options regarding Iran and met with members of his national security team.
WHAT:
Fortune - Gold fell 0.37% to $4,545 per ounce.
Fortune - The U.S. dollar was up 0.09% against the euro and up 0.06% against the yen.
Fortune - The yield on the 30-year Treasury hit 5% for the first time in two decades.
CNBC - Dow Jones Industrial Average futures slipped 417 points, or 0.84%.
CNBC - S&P 500 futures declined 0.67% and Nasdaq-100 futures dropped 0.74%.
CNBC - West Texas Intermediate futures rose 1.8% to $107.26 per barrel.
CNBC - Brent oil advanced 1.1% to $110.47.
Fortune - Futures tied to the Dow Jones industrial average fell 174 points, or 0.35%.
Fortune - S&P 500 futures were down 0.26%, and Nasdaq futures lost 0.32%.
Fortune - U.S. oil futures rose 1.75% to $107.26 a barrel, while Brent crude climbed 1.32% to $110.70.
Fortune - The yield on the 10-year Treasury climbed 1.6 basis points to 4.611%.
Fortune - The 30-year Treasury yield hit 5% for the first time in two decades.
Fortune - JPMorgan predicted that commercial oil inventories in the developed world could “approach operational stress levels” by early June.
Fortune - Capital Economics warned oil stockpiles could reach “critically low levels” by the end of June.
WHERE:
CNBC - Traders work at the New York Stock Exchange.
Fortune - President Trump met with his national security team at his Virginia golf club.
WHEN:
Fortune - Another meeting in the White House Situation Room is planned for Tuesday.
CNBC - Nvidia is set to report earnings on Wednesday, while Walmart is due to post results on Thursday.
Fortune - Another meeting in the White House Situation Room is planned for Tuesday.
WHY:
Fortune - The U.S.-China summit failed to produce a breakthrough that would reopen the Strait of Hormuz and allow oil supplies to flow again.
CNBC - The major averages suffered a setback due to rising sovereign bond yields around the world.
Fortune - The Strait of Hormuz remains closed, impacting oil markets and causing shortages.
HOW:
Fortune - Analysts at UBS warned that oil inventories are approaching record lows, highlighting the “risk of panic buying if physical dislocation intensifies and the Strait of Hormuz remains closed.”
CNBC - The financial markets expect interest rates to remain higher for longer, influenced by President Trump's demands regarding the Federal Reserve.
Fortune - Talks between the U.S. and Iran have stalled, keeping the Strait of Hormuz shut.
(UPDATED May 18, 2026 21:20 UTC)
President Trump has issued a stark warning to Iran, stating that "the clock is ticking" and that if the regime fails to negotiate a better deal, they will face much harsher consequences. In economic news, gold has dipped slightly, falling 0.37% to $4,545 per ounce, while the U.S. dollar has seen modest gains against both the euro and the yen, and the yield on the 30-year Treasury has reached 5% for the first time in twenty years. Looking ahead, another meeting in the White House Situation Room is scheduled for Tuesday, following a U.S.-China summit that did not yield a breakthrough to reopen the critical Strait of Hormuz, raising concerns about oil inventories and the potential for panic buying.
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(UPDATED May 18, 2026 19:29 UTC)
President Trump emphasized the urgency for Iran to "get moving" or face dire consequences, while also weighing military options and meeting with his national security team at his Virginia golf club. In the financial markets, Dow Jones Industrial Average futures fell by 417 points, or 0.84%, alongside declines in the S&P 500 and Nasdaq-100 futures, while oil prices saw a rise with West Texas Intermediate futures up 1.8% to $107.26 per barrel. As the Strait of Hormuz remains closed, concerns grow over oil shortages and rising bond yields, with predictions that commercial oil inventories could reach critical levels by the end of June.