Environment

Oil prices extend gains as Trump comments diminish hopes for a U.S.-Iran peace deal

Satellite view of the Salalah oil storage fire in Oman. An Iranian drone strike on March 11 ignited the blaze, sending a plume over the Gulf of Oman’s strategic port amid the wider conflict with Iran. Imaged March 13, 2026.

Gallo Images | Orbital Horizon | Copernicus Sentinel Data 2026 | Getty Images

Oil prices rose Tuesday as U.S. President   contributed to this report.

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