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Oil nears $92 on UAE missile alert as Trump claims Iran talks stuck
Oil nears $92 on UAE missile alert as Trump claims Iran talks stuck
Brent crude climbed near $92 a barrel on Tuesday, reaching its highest level this month amid new escalatory developments.
Samuel Wendel
Aug 18, 2026
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Customers fuel their cars at a petrol station as Brent crude oil prices hit $100 per barrel for the first time since May on July 23, 2026, in London, England. — Leon Neal/Getty Images
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Brent crude climbed near $92 a barrel on Tuesday, reaching its highest price this month, amid renewed tensions in the Gulf. The gains came after the United Arab Emirates issued a missile alert and US President Donald Trump again lashed out at Tehran.
Details: International benchmark Brent jumped as new wartime headlines fuel an all-too-familiar bout of market jitters. The UAE broadcast a missile alert on Tuesday evening, saying its air-defense systems had detected a threat directed toward the country. Emirati authorities later said that two missiles launched from the direction of Iran had fallen into the sea. It was the first such alert in weeks, adding to concerns that the conflict could be........
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