Yes, since the exiling and returning is the effect of a single ability that tracks the card(s) in the zone it(they) goes to, even if it isn't the exile zone. Oblivion Ring having two separate abilities, with the second refering to 'the exiled card' makes it different.Quote from Ifalna »Contrary to Flicker, and contrary to something like Banishing Light, if you choose to put Gisela in the command zone when Oblivion Ring exiles Brisela, the Ring's second ability won't be able to find her, because it looks specifically in the exile zone. Only Bruna returns.
Ummm, do you mean banishing light can return it from the command zone?
Yes. The relevant rule:Quote from Ifalna »Also, if I don't put Gisela in the command zone, can both be returned when Oblivion Ring leaves the battlefield even though it says "the exiled card" singular.
607.3. If, within a pair of linked abilities, one ability refers to a single object as "the exiled card," "a card exiled with [this card]," or a similar phrase, and the other ability has exiled multiple cards (usually because it was copied), the ability refers to each of the exiled cards. If that ability asks for any information about the exiled card, such as a characteristic or converted mana cost, it gets multiple answers. If these answers are used to determine the value of a variable, the sum of the answers is used. If that ability performs any actions on the exiled card, it performs that action on each exiled card.