Oil Prices Rise As U.S., Iran Play 'Game Of Chicken'; S&P 500 Futures Slip

Yahoo FinanceMay 28, 2026 at 12:12 PM

Oil prices reversed much of Tuesday's decline as the U. S. and Iran dug in their heels in peace talks while renewed Persian Gulf attacks threatened a fragile ceasefire.

With hopes for a resolution that would open the Strait of Hormuz once again dented, the clock is ticking to some near-term bad scenarios for both Iran and the global economy.

This is a summary. For the full story, read the original article at Yahoo Finance.

Original source: Yahoo Finance

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