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On May 28th, Brent crude oil futures for July rose 2.1% to $96.23 per barrel; WTI July crude oil futures rose 1.9% to $90.39 per barrel. The United States and Iran continue to have differences over the Strait of Hormuz issue, with US President Trump expressing "dissatisfaction" with the negotiations. The US military has launched a new strike on a threatening target in Iran. The White House denies reports from Iran regarding the draft agreement and states that Tehran and Oman will jointly manage the Strait of Hormuz.