Oil Climbs After Fresh Trump Threat as US-Iran Peace Talks Begin

A pipeline runs toward oil Southbow storage tanks at the Cushing crude oil storage terminal in Cushing, Oklahoma, US, on Thursday, June 18, 2026. Inventories at the US's largest commercial crude oil storage hub in Cushing, Oklahoma, have fallen to the lowest since 2014, to about 20 million barrels, as surging exports during the Iran war drain supplies in America. Photographer: Nick Oxford/Bloomberg