{"id":248,"date":"2026-05-26T04:39:27","date_gmt":"2026-05-26T04:39:27","guid":{"rendered":"https:\/\/reliablemovingcrews.com\/?p=248"},"modified":"2026-05-26T04:39:27","modified_gmt":"2026-05-26T04:39:27","slug":"brent-rises-nearly-2-as-us-military-strikes-iranian-boats-missile-launch-sites","status":"publish","type":"post","link":"https:\/\/reliablemovingcrews.com\/?p=248","title":{"rendered":"Brent rises nearly 2% as US military strikes Iranian boats, missile launch sites"},"content":{"rendered":"
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May 26 (Reuters) – Brent crude futures rose nearly 2% in early Asian trade on Tuesday after the U.S. military carried out strikes in southern Iran in what it described as defensive actions, keeping \u200bmarkets on edge as a deal to end the war eludes both sides.<\/div>\n
Brent futures \u200cclimbed $1.40, or 1.5%, to $97.56 a barrel as of 0006 GMT, after settling 7% lower in the previous session.<\/div>\n
U.S. West Texas Intermediate crude fetched $91.25, up slightly from Monday’s last traded price but down $5.30, or 5.5% from Friday’s close. There was no \u200bsettlement on Monday due to the U.S. Memorial Day holiday.<\/div>\n
The U.S. Central Command said it carried \u200bout strikes on targets in southern Iran including boats attempting to lay mines \u2060and missile launch sites, adding they were designed “to protect our troops from threats posed by Iranian forces.”<\/div>\n
Iranian \u200bmedia had reported on Monday that explosions were heard in Iran\u2019s Bandar Abbas and nearby coastal areas along \u200bthe Strait of Hormuz.<\/div>\n
Tehran has effectively halted nearly all non-Iranian shipping into and out of the Gulf since the war began, choking off about a fifth of global oil and gas flows and driving prices up by 50% or more.<\/div>\n
Iran’s \u200btop negotiator and its foreign minister were in Doha on Monday for talks with Qatar’s prime minister on \u200ba potential deal with the U.S. to end the three-month-old war.<\/div>\n
Both Washington and Tehran said they have made progress \u200con a \u2060memorandum of understanding that would halt the war and give negotiators 60 days to reach a final deal.<\/div>\n
Earlier, Nikkei reported, citing a Middle East diplomatic source, that Iran would clear mines from the strait within a 30\u2011day window under the agreement, after which vessels from all countries could navigate freely and safely, with \u200bTehran also ending transit \u200bfee collection.<\/div>\n
“Traders are betting \u2060heavily that a breakthrough will finally free up the long-paralyzed tankers stuck in and around the Strait of Hormuz,” said Tim Waterer, chief market analyst at \u200bKCM Trade.<\/div>\n
Ship-tracking data showed that three liquefied natural gas tankers passed through \u200bthe strait in \u2060recent days, heading to Pakistan, China and India, along with a supertanker carrying Iraqi crude to China after being stranded for nearly three months.<\/div>\n
U.S. President Donald Trump on Monday repeated his demand that Iran hand over \u2060its enriched \u200buranium to the U.S. for the purpose of destruction.<\/div>\n
“It’s a \u200bsharp reminder that the deal could still collapse at the eleventh hour, much like the five previous attempts before it,” said \u200bTony Sycamore, a market analyst at IG.<\/div>\n<\/div>\n

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Brent crude futures rose nearly 2% in early Asian trade on Tuesday after the U.S. military carried out strikes in southern Iran in what it described as defensive actions, keeping \u200bmarkets on edge as a deal to end the war eludes both sides.<\/p>\n","protected":false},"author":1,"featured_media":247,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[21,29],"class_list":["post-248","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-energy","tag-transport-fuels"],"yoast_head":"\nBrent rises nearly 2% as US military strikes Iranian boats, missile launch sites - Reliable Moving Crews<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/reliablemovingcrews.com\/?p=248\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Brent rises nearly 2% as US military strikes Iranian boats, missile launch sites - 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