Oil prices saw a dip as hopes for a US-Iran deal to ease Middle East tensions and reopen the Strait of Hormuz emerged. Despite earlier drops, crude prices are recovering slightly. President Trump emphasized his focus on preventing Iran’s nuclear ambitions and ensuring the Strait’s accessibility, warning against interference.
Business
Three months of Hormuz chaos: Oil prices jump 3% amid US-Iran standoff
- by The News Vista
- May 28, 2026
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- Less than a minute
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- 2 months ago

