Business

Oil Prices Spike Due to U.S.-Iran Tensions

Updated 2026-05-28 09:50 UTC 1 source Negative

Crude oil prices surged after the United States launched new strikes on Iranian military targets, casting doubt on a potential peace deal.

Coverage timeline — 1 article

MarketWatch

Oil prices rise after fresh round of strikes between U.S. and Iran, pushing peace deal into doubt

West Texas Intermediate and Brent crude’s front-month contracts both climbed after the U.S. launched a new set of strikes on an Iranian military site.

2026-05-28 09:39 UTC