Business Oil Prices Jump to $89.50 as Red Sea Tanker Attack and Iran Tensions Escalate by Business Editor — Victoria Nguyen May 18, 2026 by Business Editor — Victoria Nguyen May 18, 2026 Oil prices hit $89.50 a barrel on Monday, May 18, 2026, as geopolitical tensions in the Red Sea escalated … 0 FacebookTwitterPinterestEmail