26.05.202617:19 Forex Analysis & Reviews: Oil jumps as US strikes southern Iran

Relevance up to 10:00 2026-05-27 UTC--4

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Oil prices jumped again after the US carried out strikes in southern Iran and talks with Tehran sent a slew of mixed signals. This matters for the market because such news affects supply and prices.

On Tuesday, Brent is trading higher. By 10:45 London time, July Brent futures were up 3.4% at $99.39 a barrel. July WTI was trading at $92.85, about 3.9% below Friday's close (there was no WTI trading on Monday due to Memorial Day in the US).

US forces said they "struck today in self-defense in southern Iran." Reported targets included launchers and vessels that allegedly attempted to lay mines. US Central Command said the action was taken "to protect our forces from threats by Iranian forces."

The IRGC warned it would retaliate for violations of the ceasefire, citing the detection and interception of US drones and an F-35 fighter that allegedly intruded into their airspace.

At the same time, Iranian news agency Tasnim, citing a source, reported that talks with the US "went well overall," but signing a memorandum will depend on the unfreezing of $24 billion in Iranian assets.

Adding to the confusion, Donald Trump tweeted, urging Saudi Arabia, Qatar, Pakistan, Turkey, Egypt and Jordan to join the "Abraham Accords." He also said talks with Iran are "going well" but warned the US could resume military action if the dialogue fails: "It will be either a great deal for everyone, or no deal at all."

On Friday, UBS warned the global oil market is showing signs of strain — stocks continue to fall due to supply disruptions through the Strait of Hormuz. According to the bank, observed global inventories fell by 246 million barrels in March and April, and cumulative production losses by the end of May could exceed 1 billion barrels.

In short, news of the strikes and the lack of a coherent negotiation process have heated market volatility — oil ultimately jumped, and UBS warns that inventories and supplies are already being materially depleted.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.