Global oil price gains 3% as U.S. Military strikes on Iran add to peace deal uncertainty
A drone view shows vessels sailing through the Strait of Hormuz, as seen from Musandam, Oman. File | Photo Credit: Reuters Brent crude oil rose 3% on Tuesday (May 26, 2026) after the U.S. military carried out strikes in Iran, adding to uncertainty on whether a deal will be imminently reached to end the war…