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Oil prices mixed as U.S. military strikes against Iran cloud Middle East peace prospects

CNBC · May 26, 2026, 12:43 AM · Also reported by 4 other sources

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  • Oil prices were mixed Tuesday as U.S. military operations in southern Iran on Monday and President Donald Trump's mixed messaging on the negotiations between Tehran and Washington kept traders on edge.
  • July futures for international benchmark Brent crude gained 1.6% to $97.72 a barrel in Asia trading, while U.S.

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Oil prices were mixed Tuesday as U.S. military operations in southern Iran on Monday and President Donald Trump's mixed messaging on the negotiations between Tehran and Washington kept traders on edge.

July futures for international benchmark Brent crude gained 1.6% to $97.72 a barrel in Asia trading, while U.S. West Texas Intermediate futures for June was trading 5.4% lower at $91.38 per barrel.

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