A pumpjack, used to help lift oil from a well, in the Permian basin near Midland, Texas, U.S., October 8, 2025. REUTERS/Arathy Somasekhar
A pumpjack, used to help lift oil from a well, in the Permian basin near Midland, Texas, U.S., October 8, 2025. REUTERS/Arathy Somasekhar
Home » News » Business & Economy » Oil rises more than 1% after drone attack on UAE nuclear power plant
Business & Economy

Oil rises more than 1% after drone attack on UAE nuclear power plant

SINGAPORE, May 18 (Reuters) – Oil prices extended gains on Monday as efforts to end the U.S.-Israeli war with Iran appeared to have stalled, after a nuclear power plant in the United Arab Emirates came under attack and as U.S. President Donald Trump is expected to discuss military options on Iran.

Brent crude futures climbed $1.36, or 1.24%, to $110.62 a barrel by 2202 GMT and U.S. West Texas Intermediate was at $107.26 a barrel, up $1.84, or 1.75%.

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(Reporting by Florence Tan; Editing by Edmund Klamann)

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