Oil prices reversed much of Tuesday’s decline as the U.S. and Iran dug in their heels in peace talks while renewed Persian Gulf attacks threatened a fragile ceasefire.
With hopes for a resolution that would open the Strait of Hormuz once again dented, the clock is ticking to some near-term bad scenarios for both Iran and the global economy
After… Related news Oil Prices Fall, Despite Iran’s 14-Point ‘Fabrication’; Airline Stocks Fly 5/27/2026 Oil prices retreated close to $90 a barrel as markets bet that a U.S.-Iran deal is likely happen soon. 5/27/2026 Oil prices retreated close to $90 a barrel as markets