World · 26 May 2026
Oil prices climb after US strikes Iran
Oil prices increased on Tuesday, as hopes for an immediate peace agreement were dashed by recent events. This occurred after United States armed forces conducted operations in southern Iran, where Washington targeted missile facilities and naval assets overnight in the vicinity of the Strait of Hormuz. Brent crude's price advanced by $1.40, reaching $97.56 for a barrel, subsequent to a previous decline of seven percent recorded earlier on Monday.
Reported by Independent · How we write briefs