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Oil rebounds after news of US strikes on Iranian military site

Posted on May 28, 2026
By Business News Today
0 Views
1 min read

Oil rebounds after news of US strikes on Iranian military site

Oil prices surged today following reports of new U.S. strikes on an Iranian military site. This escalation comes as Washington and Tehran are in negotiations to end their conflict. Brent crude futures and U.S. West Texas Intermediate futures saw significant gains. U.S. crude oil stockpiles also fell for the sixth consecutive week, indicating tight supply.