Oil prices jump 3%, stocks inch higher after Iran vows retaliation for US ‘self-defense strikes’
Oil prices increased by 3% following Iran's vow to retaliate against US military strikes in the Strait of Hormuz. Despite rising tensions, US stocks saw gains as investors remained optimistic about potential peace negotiations. Analysts warn that higher oil prices may persist due to ongoing disruptions in the Middle East.
- ▪Brent crude oil rose 3.9% to $97.07 a barrel after US strikes on Iranian vessels.
- ▪The S&P 500 and Nasdaq increased by 0.8% and 1.3%, respectively, amid hopes for a peace deal.
- ▪Iran's Tasnim news agency reported that negotiations with the US have been 'overall good' but depend on the release of $24 billion in frozen funds.
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| Original publisher | New York Post |
| Canonical URL | https://nypost.com/2026/05/26/business/oil-prices-jump-3-stocks-inch-higher-after-iran-vows-retaliation-for-us-self-defense-strikes/ |
| Publication time | Tue, 26 May 2026 11:23:41 -0400 |
| Retrieval time | 2026-05-26T15:27:49.913Z |
| Last seen | 2026-05-26T15:37:05.733Z |
| Headline source | Publisher (no WeSearch rewrite) |
| Excerpt source | publisher body |
| Excerpt method | First ~120 words (~800 chars) of extracted publisher body, fair-use limited. |
| Summary | WeSearch · cerebras-chat (WeSearch summarizer) |
| Summary source text | contentText |
| Citation coverage | Summary is a WeSearch-generated derivative; primary citation is the original publisher URL. |
| Cluster | 11-yPmZmHaRO |
| Cluster logic | Grouped by semantic title/content similarity across sources within a rolling window. Same-publisher template collisions are excluded from coverage comparison. |
| Ranking reason | Story pages are not engagement-ranked. Hub feeds use recency, with optional source-diversified chronological ordering (cap consecutive stories per source). No personalized ranking. |
| Publisher visit | Yes — open original |
| Substitutes article? | No — link-out required for full text |
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| Indexing | May the item be indexed (stored, ranked, made findable)? | Allowed |
| Snippet | May a short excerpt of the publisher's text be shown? | Allowed |
| AI summary | May WeSearch generate its own short summary of the article? | Limited |
| Retrieval / RAG | May the content be exposed for third-party retrieval-augmented generation? | Not asserted |
| Model training | May the content be used to train AI models? | Not asserted |
| Commercial reuse | May the content be reused commercially? | Not permitted |
Basis: Derived from the published RSS/Atom feed. Contact: [email protected]. Reviewed: 2026-07-24.
Opening excerpt (first ~120 words) tap to expand
Business Oil prices jump 3%, stocks inch higher after Iran vows retaliation for US ‘self-defense strikes’ By Taylor Herzlich Published May 26, 2026, 11:23 a.m. ET See more of our coverage in your search results. Add The New York Post on Google Oil prices jumped about 3% Tuesday morning after Iran vowed retaliation following the US military’s “self-defense strikes” in the Strait of Hormuz, though stocks ticked up as investors held onto hopes for a peace deal. Brent crude oil jumped 3.9% to $97.07 a barrel, while West Texas Intermediate futures were trading 2.9% lower at $93.82 compared with Friday’s close. There was no WTI price settlement on Monday because of the Memorial Day holiday. US stocks rose Tuesday morning as investors held onto hopes for a peace deal.
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