Crude Oil Prices Rise After Iran Announces Suspension of U.S. Talks and Threatens Strait of Hormuz Closure

Crude oil futures surged as Iran announced it would halt negotiations with the U.S. through intermediaries in response to Israeli attacks on Lebanon and Gaza, while also threatening to fully block the strategic Strait of Hormuz.

By Carl Surran, SA News Editor · Seeking Alpha · June 1, 2026, 14:16 UTC

Topics: crude_oil iran_us_relations strait_of_hormuz

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