The Iran war may end but high oil prices may not
With the United States and Iran arriving at a “memorandum of understanding” to end hostilities, President Donald Trump seems to think petroleum prices will come down immediately. “Let the oil flow!” he wrote on social media.
Oil falls as International Energy Agency forecasts supply glut next year after U.S.-Iran deal
Oil declines as Mideast peace prospects rise following U.S.-Iran deal.
Oil prices rise after Trump warns 'clock is ticking' on Iran peace talks
Energy markets have been on a wild ride as the key Strait of Hormuz waterway remains effectively closed.
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
The New York Times
Oil Prices Fall as U.S.-Iran Deal to Reopen Hormuz Takes Effect
Oil prices fell and stocks rose on Thursday after the United States and Iran said they had signed a preliminary agreement to reopen the Strait of Hormuz. Both sides said that President Trump and President Masoud Pezeshkian of Iran signed the deal remotely ...
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 ...
Trump says Strait of Hormuz will open Friday
Trump says Strait of Hormuz will open Friday