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US attacks on Iran, US oil prices fall by more than 5%
2026-05-26 09:19:54 / BOTA
US oil prices fell sharply in Asian markets, despite the new military escalation between the US and Iran.
US West Texas Intermediate (WTI) crude oil, the main reference for the US market, fell by more than 5% during trading in Tokyo, even as the US announced new attacks on targets in southern Iran.
At around 03:30 Greek time, the price of WTI fell by 5.46%, falling to $91.33 per barrel.
Meanwhile, Brent Crude Oil in the North Sea registered growth, climbing 1.6% to $97.68 per barrel.
In the last 24 hours, oil prices had fallen below $100 as investors held out hope that the Strait of Hormuz could reopen following signals that Washington and Tehran were moving closer to a deal.
However, the situation became tense again after Iranian negotiators arrived in Doha for talks aimed at ending the conflict, while the military announced that US forces had struck missile bases in southern Iran and ships suspected of laying naval mines.
This development is seen as a serious threat to the fragile ceasefire that came into effect on April 8, at a time when global markets are carefully monitoring any signs of de-escalation or resumption of tensions in the Gulf region.
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