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Oil prices bounce higher after new US strikes on Iran

Dawn 28 May 2026 5h ago
Oil prices bounce higher after new US strikes on Iran
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Oil prices bounced higher on Thursday while Asian stocks mostly fell, as new US strikes on Iran marked the latest test of a shaky ceasefire in the Middle East war . The price jumps erased much of Wednesday’s declines on the hopes of an imminent deal to end the conflict that has all but halted shipping through the crucial Strait of Hormuz for months. An American official said the military had shot
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