Global Oil Prices Rise as Fresh U.S. Strikes on Iran Cast Shadow Over Trump's Promised Peace Deal
Global oil prices have surged to around $100 a barrel following recent U.S. military strikes in Iran. The strikes have raised concerns about the stability of the region and the potential for a global food crisis due to disruptions in oil supply. Despite President Trump's claims of a nearing peace deal, tensions remain high as negotiations continue to stall.
- ▪Global oil prices reached $100 a barrel after U.S. strikes against Iran.
- ▪Iran's Revolutionary Guards warned of potential retaliation against U.S. actions.
- ▪U.S. Secretary of State Marco Rubio indicated that negotiations with Iran could take a few days.
6 outlets in our directory ran this story, first to last over 40 hours. Coverage spans 2 points on the political spectrum — 1 lean left, 4 centre.
- ▪ US carries out fresh strikes on Iran — International homepage
- ▪ US military carries out more strikes on Iran as Trump signals no deal in sight — Investing.com — News
- ▪ Oil prices are swinging as U.S. strikes on Iran undercut Trump's peace deal claim — Quartz
- ▪ Global oil price gains 3% as U.S. Military strikes on Iran add to peace deal uncertainty — The Hindu — Top
- ▪ Oil prices jump as U.S. military strikes on Iran add to peace deal uncertainty — The Globe and Mail
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| Original publisher | TIME — Top |
| Canonical URL | https://time.com/article/2026/05/26/us-iran-new-strikes-global-oil-prices-rise-peace-deal-talks-jeopardy/ |
| Publication time | Tue, 26 May 2026 14:03:48 +0000 |
| Retrieval time | 2026-05-26T14:12:49.499Z |
| Last seen | 2026-05-26T14:12:49.499Z |
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Global oil prices touched $100 a barrel again Tuesday morning, marking renewed instability after the U.S. launched fresh strikes against Iran. The price of Brent crude eased back down to around $99, still showing a rise from the dip to $96 a barrel the previous day, when hopes were high after President Donald Trump had promised a U.S.-Iran peace deal was on the horizon.But the fresh strikes—and Iran’s stern verbal warning that followed—have unsettled markets once more.The U.S. military on Monday night announced it had carried out “self-defense” strikes in southern Iran against targets including missile launch sites and boats attempting to lay mines. “U.S. Central Command (CENTCOM) continues to defend our forces while using restraint during the ongoing cease-fire,” said spokesperson Capt.
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