{"id":342072,"date":"2026-05-28T18:21:57","date_gmt":"2026-05-28T12:51:57","guid":{"rendered":"https:\/\/ebiztoday.news\/?p=342072"},"modified":"2026-05-28T18:21:58","modified_gmt":"2026-05-28T12:51:58","slug":"oil-prices-spike-again-shares-drop-after-u-s-strikes-iran-national","status":"publish","type":"post","link":"https:\/\/ebiztoday.news\/index.php\/2026\/05\/28\/oil-prices-spike-again-shares-drop-after-u-s-strikes-iran-national\/","title":{"rendered":"Oil prices spike again, shares drop after U.S. strikes Iran – National"},"content":{"rendered":"

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World shares declined Thursday following more of what the U.S.\u00a0military said\u00a0were defensive strikes against Iran.<\/p>\n

Oil prices gained greater than $2 a barrel after having dropped sharply a day before.<\/p>\n

In early European trading, Germany\u2019s DAX was nearly unchanged at 25,175.63 and the CAC 40 in Paris lost 0.4 per cent to eight,172.84. Britain\u2019s FTSE 100 slumped 0.9 per cent to 10,416.62.<\/p>\n

The futures for the S&P 500 and the Dow Jones Industrial Average edged 0.1 per cent lower.<\/p>\n

U.S. officials said Central Command forces\u00a0shot down\u00a04 Iranian one-way attack drones that posed a threat near the Strait of Hormuz. The U.S. military also hit an Iranian ground control station in Bandar Abbas that was about to launch a fifth drone. Those attacks followed others earlier within the week.<\/p>\n

Meanwhile, President\u00a0Donald Trump\u00a0asserted that Iran is \u201cnegotiating on fumes\u201d and said\u00a0November\u2019s midterm elections\u00a0in america won\u2019t make him rush right into a deal to finish the nearly\u00a0three-month-old conflict.<\/p>\n

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During Asian trading, Japan\u2019s Nikkei 225 lost 0.5 per cent to 64,693.12, while the Kospi in South Korea lost 0.5 per cent to eight,185.29.<\/p>\n

Hong Kong\u2019s Hang Seng index shed 1.3 per cent to 25,006.16, while the Shanghai Composite index edged 0.1 per cent higher to 4,098.64.<\/p>\n

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In Australia, the S&P\/ASX 200 declined 1.4 per cent to eight,592.90, while Taiwan\u2019s Taiex dropped 1.4 per cent.<\/p>\n

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\u201cConflicting reports on the contours of a U.S.-Iran deal dampened risks sentiments as markets grow increasingly wary about the potential for a deal,\u201d Tan Boon Heng of Mizuho Bank in Singapore said in a commentary.<\/p>\n

\u201cWhile there may be desire to take care of the ceasefire with each Iran and (asterisk)the) U.S. toning down language on renewed attacks and persisting with indirect channels of communication, it stays remarkably hard to envisage how a compromise may be reached on key issues,\u201d he said.<\/p>\n

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On Wednesday, U.S. stocks inched to more records after oil prices declined greater than 4 per cent, easing pressure on consumers and businesses worldwide.<\/p>\n

The S&P 500 edged up by lower than 0.1 per cent to 7,520.36 and the Dow industrials rose 0.4 per cent, to 50,644.28. The Nasdaq composite gained 0.1 per cent to 26,674.73. All three indexes set all-time highs.<\/p>\n

Stocks of corporations with big fuel bills helped cleared the path on hopes that lower oil prices will remove a giant drag on their profits. Norwegian Cruise Line Holdings climbed 6.1 per cent, and United Airlines rallied 6.3 per cent. Delta Air Lines rose three per cent and set an all-time high.<\/p>\n

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