Oil prices were edging up early Wednesday after President Donald Trump warned the U.S.-Iran peace deal set to be signed this week could still fall apart.

A trio of traders work on the floor of the New York Stock Exchange, 3 June 2026

Executives in the oil industry have reportedly warned the White House could dramatically rise in the coming months as the conflict with Iran continues

U.S. stocks rose May 26, with the S&P 500 up 0.4%, after President Donald Trump said negotiations with Iran were “proceeding nicely.” The price for a barrel of Brent crude, the international standard, rose 4% to $97.14. Most big U.S. companies have ...

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 ...

The deal was expected to open the Strait of Hormuz and lift the U.S. naval blockade on Iranian ports. But it would leave the thorniest nuclear issues for another day.

Oil prices rose on Friday after the US and Iran exchanged fire in the key Strait of Hormuz waterway. The US said it made self‑defence strikes in response to "unprovoked" Iranian attacks as US ships were heading out of the Gulf through the strait, which ...

Escalating attacks between the US and Iran threaten to derail efforts to end the war. Trump warns of consequences as negotiations stall.