# Oil prices climb on Tuesday after the United States said it had carried out strikes on missile launch sites in Iran.

*business · news · 2026-05-26 · The New York Times*

## Key points

- Oil prices rose after the United States conducted strikes on missile sites in Iran.
- The U.S. strikes cast doubt on the likelihood of achieving a Middle East peace deal.
- Israel signaled plans to intensify its military campaign against Hezbollah in Lebanon.
- Iran demands any agreement address conflicts with both the U.S. and Israel, plus Israel-Hezbollah fighting.

Oil prices climbed on Tuesday after the United States said it had carried out strikes on missile launch sites in Iran, casting doubt on the prospects of a peace deal. The strike followed signals from Israel that it planned to intensify its campaign against the Iranian-backed militant group Hezbollah in Lebanon. Iran has said any agreement would need to address both its war with the United States and Israel, as well as the fighting between Israel and Hezbollah, complicating efforts to reach a lasting resolution.

**Countries:** United States, Iran, Israel, Lebanon

[Read the full story on The New York Times](https://www.nytimes.com/2026/05/26/business/oil-gas-price-iran.html)

---

Canonical: https://newsio.io/n/99b7de0b-c79a-4a4e-b5c3-55010e4919ff/oil-prices-climb-on-tuesday-after-the-united-states-said-it-had-carried-out-stri
Summarized by Newsio from The New York Times. https://newsio.io/how-it-works