Oil Prices Rise Amid Escalating Tensions Between U.S. And Iran

Oil prices climbed as tensions between the United States and Iran escalated, with each side launching strikes while President Trump claimed negotiations were ongoing. West Texas Intermediate futures rose over 1% to $94.81 per barrel.

By Lee Ying Shan · CNBC · June 3, 2026, 00:50 UTC

Oil Prices Rise Amid Escalating Tensions Between U.S. And Iran

Tickers: $APA

Topics: commodities military_actions oil_prices U.S.-Iran_relations

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