strikeMay 26, 2026

Oil price touches $100 a barrel as energy market may be past ‘point of no return’

Summary

Oil rose back above $100 a barrel on Tuesday, after fresh US strikes on Iran dashed hopes of a Middle East breakthrough, with experts saying that whatever the outcome of peace talks, the global energy market may now be past the “point of no return”.

Source: Jillian Ambrose — Read the full report

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Jillian AmbroseBy Jillian Ambrose
Oil rose back above $100 a barrel on Tuesday, after fresh US strikes on Iran dashed hopes of a Middle East breakthrough, with experts saying that whatever the outcome of peace talks, the global energy market may now be past the “point of no return”. News of the US attacks on miss…

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