Oil Prices Rise Amid Escalating Tensions Between U.S. and Iran in the Persian Gulf

Crude oil futures rose on Wednesday as tensions between the United States and Iran escalated, with Iranian drone and missile attacks reported overnight—marking some of the most intense fighting since a ceasefire began in April.

By Carl Surran, SA News Editor · Seeking Alpha · June 3, 2026, 14:44 UTC

Tickers: $USO

Topics: crude oil futures market Middle East conflict

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