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Oil Prices Fall Amid Trump’s Talks with Iran

Summary by The Hindu
Brent crude futures lost 75 cents, or 0.79%, to $94.23 a barrel, while U.S. West Texas Intermediate fell 85 ‌cents, or 0.92%, to $91.31 a barrel

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Under pressure from polls and their allies in the Gulf, Donald Trump’s government is pushing for an agreement, but Iran demands concessions

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Oil prices rose about $5 per barrel after Iranian news agency Tasnim reported that Tehran suspended indirect negotiations with the United States.

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Prices rose on Monday after Tehran announced it was suspending talks with Washington in protest of Israeli attacks in Lebanon. Oil prices jumped to a record high, breaking their monthly high, driven by uncertainty in US-Iran negotiations and the risk of a prolonged curtailment of energy flows from the Persian Gulf, RBC-Ukraine reported, citing Bloomberg. Read also: "A deal could be better than a victory": Trump announced the timing of a possible…

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www.diariolibre.com broke the news on Monday, June 1, 2026.
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