New US Attack on Iran Sends Global Oil Prices Soaring
Jakarta, VIVA – Global oil prices surged again after reports of a new US military strike on Iran stoked fresh concerns in global energy markets. Geopolitical tensions in the Middle East have reignited fears over global oil supplies, particularly through the Strait of Hormuz shipping lanes. During early Asian trading on Thursday, West Texas Intermediate (WTI) crude rose 2.06% to US$90.51 per barrel, equivalent to approximately Rp1.59 million at an exchange rate of Rp17,600 per US dollar. Brent crude climbed 2.17% to US$96.34 per barrel, or around Rp1.69 million. The price increase followed a more than 7% drop earlier this week, driven by market optimism over a potential peace deal that could restore shipping traffic in the Strait of Hormuz. However, hopes dimmed after reports that the US military launched an attack in southern Iran and shot down four Iranian attack drones. An official from the US Central Command stated the action was defensive, as the targeted drone control station was allegedly preparing to launch a fifth drone. Tensions escalated further after US President Donald Trump indicated no rush to reach an agreement with Iran. Trump said a deal could be made now, but the US government only wants to approve a truly beneficial agreement. ‘If it’s not a great deal, we won’t do it,’ Trump stated, as quoted by Oil Price on Thursday, 28 May 2026. During the same remarks, Trump also confirmed the US is not discussing sanctions relief or financial aid to Iran. He issued stern threats against Iran should it fail to meet Washington’s conditions. Previously, oil market participants had been optimistic after Iranian media hinted at a possible ceasefire extension and discussions on lifting sanctions, including the release of frozen Iranian assets. However, Trump’s latest comments and political divisions within Iran are seen as complicating prospects for a near-term peace deal. Reports also indicate hardline groups in Iran are openly attacking negotiators considering compromise with the US.