[Crude Oil Futures Rise as U.S.-Iran Negotiations Remain Deadlocked and U.S. Reportedly Launches New Strikes on Iranian Targets] According to Golden Finance, on May 28, oil prices rebounded after falling more than 5% on Wednesday. The U.S. and Iran remain at odds over how to reopen the Strait of Hormuz, and reports suggest Iran has been subjected to new military strikes. Brent crude oil futures rose above $96 per barrel, while WTI crude oil futures fluctuated around $90 per barrel. U.S. President Trump stated he was "not satisfied" with the negotiations, and the White House denied Iranian reports about a draft agreement, which claimed Tehran and Oman would jointly manage the Strait of Hormuz. Media reporters on X cited a U.S. official, reporting that the U.S. military launched new strikes on a target within Iran that posed a threat to U.S. forces and Strait of Hormuz traffic. Earlier this week, the U.S. had struck multiple locations near the Strait of Hormuz. Brent July crude oil futures rose 2.1% to $96.23 per barrel; WTI July crude oil futures rose 1.9% to $90.39 per barrel.