Oil edged lower after the US and Iran tentatively agreed to extend a ceasefire by 60 days, according to a person familiar with the matter, potentially allowing shipments through the Strait of Hormuz to resume.
Geopolitics Bloomberg May 28, 2026
Oil Edges Lower on Tentative Deal to Extend US-Iranian Truce
Oil edged lower after the US and Iran tentatively agreed to extend a ceasefire by 60 days, according to a person familiar with the matter, potentially allowing shipments through the Strait of Hormuz to resume.
