Oil advanced, following a drop of more than 5% on Wednesday, as the US and Iran remained at odds over how to reopen the Strait of Hormuz and a report pointed to fresh military strikes in the Islamic Republic.
Geopolitics Bloomberg May 27, 2026
Oil Rises on Report of Fresh US Strikes With Hormuz Still Shut
Oil advanced, following a drop of more than 5% on Wednesday, as the US and Iran remained at odds over how to reopen the Strait of Hormuz and a report pointed to fresh military strikes in the Islamic Republic.
