Oil jumps 2% after Iran and U.S. trade airstrikes
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Article Excerpt
Oil prices settle in mixed direction on conflicting reports of U.S.-Iran ceasefire deal
REUTERS
PUBLISHED MAY 28, 2026
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Oil prices settled mixed on Thursday after a choppy trading session, as traders mulled conflicting reports of progress on a potential deal to extend a ceasefire between the U.S. and Iran.
Brent crude futures for July, which expire on Friday’s settlement, closed down 58 cents, or 0.6 per cent, at US$93.71 a barrel. The more actively tra…
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