Brent Rises on US-Iran Deal Uncertainties

2026-05-27 23:50 By Jam Kaimo Samonte 1 min. read

Brent crude futures climbed toward $97 per barrel on Thursday, recovering losses from the previous session as negotiations between the US and Iran remained deadlocked over several key issues tied to ending the conflict.

Reports of fresh US strikes on Iran also stoked fears of further disruptions to commercial shipping through the Strait of Hormuz.

Among the main obstacles are Tehran’s demands to maintain control of the strait and preserve its nuclear program.

President Donald Trump also reiterated that Washington would not accept what he described as a bad deal, while rejecting any sanctions relief despite Iran’s calls for an end to attacks and economic concessions.

Even so, oil prices remain on track for a second straight weekly decline amid expectations that both sides could eventually secure a peace agreement and reopen the Strait of Hormuz.



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