Oil price today: Brent crude jumps 2%, WTI inches close to $90 as US strikes on Iran dim peace hopes

May 26, 2026 - 09:00
Oil price today: Brent crude jumps 2%, WTI inches close to $90 as US strikes on Iran dim peace hopes

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Oil prices fluctuated as US-Iran talks showed signs of progress, clashing with US military strikes on Iranian missile sites and vessels. Hopes for the Strait of Hormuz reopening were dampened by fresh clashes, adding to market uncertainty after a major energy shock.

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