Oil Price Today (May 28): Crude oil jumps over 2% despite optimism around Iran war peace deal. Here’s why
- Posted on May 28, 2026
- By Business News Today
- 0 Views
- 1 min read
Oil Price Today (May 28): Crude oil jumps over 2% despite optimism around Iran war peace deal. Here’s why
Oil prices surged approximately 2% as U.S. strikes on an Iranian military site escalated geopolitical tensions, despite ongoing talks. This rebound followed a significant drop due to expectations of a potential U.S.-Iran agreement. Analysts warn that even with a deal, normalizing shipping through the Strait of Hormuz could take months, impacting global oil markets.
