US-Iran airstrikes continue, oil prices rise as ceasefire frays (eco.sapo.pt)

• US and Iran exchange airstrikes; ceasefire in Middle East tenuous.
• Brent crude rises 2.75% to $95.88; WTI up 2.11% to $90.79.
• Stock markets decline: Nikkei -1.4%, Kospi -3.2%, Stoxx 600 -0.66%.
• Gold falls to a two-month low; dollar strengthens.
• Focus on US PCE inflation data expected to show high fuel-cost impact.

"The Middle East ceasefire remains fragile as the US and Iran exchanged airstrikes on May 28, 2026, while seeking a deal to reopen the Strait of Hormuz. Oil prices rose: Brent crude up 2.75% to $95.88, WTI up 2.11% to $90.79. Stock markets declined: Nikkei -1.4%, Kospi -3.2%, Stoxx Europe 600 -0.66%. Gold fell to a two-month low. Airlines like Air France and Ryanair lost about 2%. The dollar edged up. Focus now on US PCE inflation data, expected to show higher fuel costs pushing inflation to a three-year high."