Oil prices rose May 28 after the United States carried out new strikes near the Strait of Hormuz and Iran’s Revolutionary Guard said it targeted a U.S. airbase in response, reversing part of the previous day’s drop in crude prices. Brent rose more than 3% in early trading, while U.S. crude futures also gained more than 3% as traders reassessed the risk of shipping disruption through the waterway. A U.S. official told Reuters the U.S. military shot down four Iranian attack drones and struck a ...

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