Live Updates > Live Update Details
2026-05-28 15:44:41
[US Launches New Strikes Against Iran, Oil Prices Rise Over 2.5%] ⑴ The US launched a new round of strikes against Iran, causing oil prices to rise by more than 2.5%. ⑵ In early European trading, Brent crude futures for July delivery rose 2.6% to $96.74 per barrel, while West Texas Intermediate (WTI) crude futures rose 2.6% to $90.95 per barrel. ⑶ ANZ analysts stated, "Traders are becoming increasingly cautious about holding long positions in the oil market ahead of news indicating progress in ending the conflict." They also noted, "Oil supplies remain constrained, and key sticking points remain unresolved." ⑷ Meanwhile, as supply disruptions triggered a sharp drop in inventories, traders are awaiting official inventory data from the US Energy Information Administration, due later on Thursday.
