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Oil rebounds after news of US strikes on Iranian military site

NEW YORK, May 28 (Reuters) – Oil prices jumped about 2% in early Thursday trading after ​Reuters reported fresh U.S. strikes overnight on an Iranian ‌military site, escalating tensions even as Washington and Tehran negotiate to end their three-month conflict. Brent crude futures rose $1.90, or 2.02%, to $96.19 ​a barrel by 0015 GMT, while the more active ​August contract gained $1.64 or 1.78%, to $93.89. The July ⁠contract is set to expire on Friday. The U.S. West ​Texas Intermediate futures were up $1.73, or 1.95%, at $90.41. Both benchmarks slipped ​more than 5% to touch their lowest in a

US military conducts another strike against Iran after Trump says Iran is ‘negotiating on fumes’

WASHINGTON, May 28, 2026 (AP) — U.S. forces carried out new defensive strikes on Iran on Wednesday after President Donald Trump asserted that Iran is “negotiating on fumes” and insisted that November’s midterm elections in the United States won’t make him rush into a deal to end the nearly three-month-old conflict. U.S. Central Command forces shot down four Iranian one-way attack drones that posed a threat around the Strait of Hormuz, according to U.S. officials who were not authorized to comment publicly and spoke on the condition of anonymity. The U.S. military also struck an Iranian ground control station in

One-time gene therapy may lower up to 62 pc ‘bad’ cholesterol, clinical trial results show

New Delhi, May 27 (PTI) A one-time gene therapy for treating hypercholesterolaemia could lower up to 62 per cent ‘bad’ cholesterol in the blood, with reductions sustaining over time, according to results of Phase 1b clinical trial published in The New England Journal of Medicine. Developed by the US-based pharmaceutical and biotechnology giant Eli Lilly and Company, VERVE-102 is an experimental gene therapy that works by durably turning off the ‘PCSK9’ gene in the liver and lower blood levels of low-density lipoprotein cholesterol (LDL-C) following a single infusion, it said in a statement. The interim analysis of the ‘Heart-2’ trial

IndiGo, Air India cut June-July domestic flights amid high jet fuel prices, sources say

May 27 (Reuters) – IndiGo and ‌Air India, India’s two largest airlines, have sharply cut their planned domestic flights for June and July, sources familiar with the matter said, as the industry grapples with a rise in jet fuel costs in the wake of the Iran ​war. IndiGo has cut around 7%-10% of its planned domestic flights for the period, while Air India ​has cut 22%, the sources said, marking a significant pullback by the two ⁠carriers that together control around 90% of India’s domestic air passenger market. The sources declined to be named ​as they were not authorised to

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