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Oil Prices Jump After Fresh U.S. Strikes on Iran

Oil prices spiked once again in early Asian trade on Thursday after reports of fresh U.S. strikes on Iranian military targets reignited fears that the most recent round of peace talks could give way to further escalation.

Source Summary Published May 28, 2026 Brief Under 1 min brief
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Oil prices spiked once again in early Asian trade on Thursday after reports of fresh U.S. strikes on Iranian military targets reignited fears that the most recent round of peace talks could give way to further escalation. At the time of writing, WTI was trading at $90.51, up 2.06% on the session, while Brent crude had climbed 2.17% to trade at $96.34.

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