TIME

Global Oil Prices Rise as Fresh U.S. Strikes on Iran Cast Shadow Over Trump's Promised Peace Deal

May 26, 2026Center Left

The fresh strikes from the U.S., and the warning Iran issued in return, have brought renewed instability to the markets.

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Oil prices jump 3%, stocks inch higher after Iran vows retaliation for US ‘self-defense strikes’

New York Post

May 26, 2026

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Oil prices jump 3%, stocks inch higher after Iran vows retaliation for US ‘self-defense strikes’

Iran said Tuesday that it would retaliate against violations of its ongoing ceasefire agreement, after US Central Command on Monday confirmed that it had launched strikes on Iranian vessels.

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US Strikes Iran Targets, Oil Gains With No Accord in Sight

Bloomberg

May 28, 2026

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US Strikes Iran Targets, Oil Gains With No Accord in Sight

Renewed US attacks on Iran targets near the Strait of Hormuz threaten a fragile ceasefire. Oil climbed as traders wait for signs of whether the US and Iran can reach a peace deal that would reopen the critical waterway. (Source: Bloomberg)

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Oil prices dip amid optimism over potential US-Iran deal

The Hill

May 25, 2026

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Oil prices dip amid optimism over potential US-Iran deal

Oil prices decreased early Monday amid negotiations between the Trump administration and Iran on reopening the Strait of Hormuz and ending the Middle East conflict. West Texas Intermediate crude futures, the benchmark for North American markets, dipped by more than 6.1 percent to $90.68 as of early Monday. Brent crude futures, the global benchmark, dropped…

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