Oil drops to $80 a barrel and markets rise as Trump touts Iran framework deal
A trio of traders work on the floor of the New York Stock Exchange, 3 June 2026
Global Oil Prices Rise as Fresh U.S. Strikes on Iran Cast Shadow Over Trump's Promised Peace Deal
The fresh strikes from the U.S., and the warning Iran issued in return, have brought renewed instability to the markets.
CNBC
Oil jumps more than 4% as Trump tells CNBC he doesn't care if Iran negotiations are over
President Donald Trump told CNBC's Eamon Javers in a phone interview that he doesn't care if talks with Iran are over. Iranian state media reported earlier that Tehran will halt talks with the U.S. in response to Israeli attacks in Lebanon. Trump ...
High Gas Costs May Linger After U.S.-Iran Deal
The preliminary agreement may not have an immediate effect on prices at the pump. Damaged infrastructure and risky transport could keep costs up.
MarketWatch
Global oil prices top $95 a barrel and log best day in a month despite Trump saying peace talks with Iran have resumed following a pause
Oil prices ended sharply higher on the first trading day of June after President Donald Trump said U.S.-Iranian peace talks had resumed following a pause on Monday morning, when Iran reportedly suspended all exchange of negotiation messages with the U.S ...