HomeWorld NewsUS-Iran War Live Updates: US, Iran agree deal framework, awaiting Trump approval, reports AFP
Oil prices rose in early Asian trade after the US carried out fresh strikes on an Iranian military site near Bandar Abbas and intercepted multiple drones around the Strait of Hormuz, even as Washington and Tehran continue peace talks.
US-Iran War Live Updates: West Asia marked Eid al-Adha under the shadow of the ongoing Iran-US-Israel conflict, as the US military conducted fresh defensive strikes against Iran on Wednesday.
Oil prices rebounded in early Asian trade on Thursday, May 28, after the US military carried out fresh strikes targeting a military site near Bandar Abbas and intercepted multiple Iranian drones near the Strait of Hormuz. US crude futures rose close to 2% to above $90 a barrel, while Brent crude gained over 2%.
A US official told Reuters the overnight strikes targeted an Iranian ground control station believed to pose a threat to US forces and commercial shipping around the Strait of Hormuz. Four Iranian one-way attack drones were also shot down, the official said.
The strikes came hours after US President Donald Trump dismissed Iranian state media reports claiming Tehran and Oman would jointly manage shipping through the Strait of Hormuz under a possible peace arrangement.
“Nobody’s going to control the strait,” Trump said, adding that the waterway would remain international waters.
Iranian media reported that air defence systems were activated near Bandar Abbas early Thursday following the explosions.
The three-month-old conflict has disrupted shipping activity through the Strait of Hormuz, a key energy chokepoint that previously handled around a fifth of global oil and LNG trade. The Iranian Revolutionary Guard Navy said only 23 commercial vessels passed through the Strait of Hormuz in the last 24 hours, sharply lower than pre-war levels of 125-140 ships daily.
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