Oil prices jump more than 3 per cent amid fears of renewed U.S.-Iran combat
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Article Excerpt
Oil prices jump more than 3 per cent amid fears of renewed U.S.-Iran combat
HOUSTON
REUTERS
PUBLISHED MAY 15, 2026
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Oil prices gained more than 3% on Friday, after comments by U.S. President Donald Trump and Iran’s foreign minister further dented hopes of a deal to end ship attacks and seizures around the Strait of Hormuz.
Brent crude futures settled at $109.26 a barrel, up $3.54, or 3.35%. U.S. West Texas Intermediate futures finished at $105.42 a barr…
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