28/05/2026
Global oil prices rebounded sharply after renewed military exchanges between the United States and Iran raised fears of further disruptions near the Strait of Hormuz.
According to Reuters, Brent crude and US crude futures both gained more than 2% after US forces reportedly struck an Iranian drone operation near Bandar Abbas. Iran later claimed it targeted a US-linked airbase in response.
The latest escalation came only a day after oil prices dropped sharply on reports that negotiations between Washington and Tehran could lead to the reopening of the Strait of Hormuz and reduced tensions in the region.
Despite ongoing diplomatic talks, markets remain highly sensitive to military developments involving one of the world’s most important oil shipping routes. Analysts say uncertainty over future strikes, sanctions, and shipping security continues to drive volatility in global energy prices.
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