Global oil price gains 3% as U.S. Military strikes on Iran add to peace deal uncertainty

Energy markets reacted sharply to renewed military tensions and fragile diplomacy between Washington and Tehran, with the Strait of Hormuz remaining partially restricted

May 26, 2026 - 17:30
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Global oil price gains 3% as U.S. Military strikes on Iran add to peace deal uncertainty
Energy markets reacted sharply to renewed military tensions and fragile diplomacy between Washington and Tehran, with the Strait of Hormuz remaining partially restricted

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