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strikeMay 12, 2026

Oil Extends Rally As US-Iran Peace Deal Hopes Fade

Summary

(RTTNews) - Oil prices extended their surge on Tuesday amid fresh doubts over the U.S.-Iran ceasefire.

Source: RTTNews — Read the full report

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  • RTTNewsBy RTTNews

    (RTTNews) - Oil prices extended their surge on Tuesday amid fresh doubts over the U.S.-Iran ceasefire. Brent crude futures for July delivery were up more than 3 percent at $107.47 a barrel, extending gains from the previous session on concerns that the Strait of Hormuz may stay e…

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