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Brent Climbs 1% After US Iran Strikes, Talks

5/26/2026

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Story summary
  • Brent futures rose 1% to $97.32 a barrel after U.S. strikes in southern Iran and peace-talk reports.
  • U.S. forces struck boats laying mines and missile sites in southern Iran on Monday.
  • Iran’s chief negotiator and foreign minister met Qatar’s prime minister in Doha to discuss a U.S. deal.
  • European indices opened higher as the MSCI rose 0.8%, the euro fell to $1.1636 and spot gold slipped to $4,545.90 an ounce.