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Oil Price Today (May 26): Crude oil nears $100 as US strikes southern Iran. What are experts saying?

Posted on May 26, 2026
By Business News Today
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1 min read

Oil Price Today (May 26): Crude oil nears $100 as US strikes southern Iran. What are experts saying?

Oil prices saw a jump on Tuesday. This followed U.S. military strikes in southern Iran. Tensions remain high as a deal to end the conflict appears uncertain. Iran has disrupted shipping through the Strait of Hormuz, impacting global energy flows. Discussions are ongoing for a potential agreement. Analysts warn of prolonged supply disruptions.