Commodities

Oil prices push higher after US and Iran trade blows

By Abigail Townsend

Date: Monday 01 Jun 2026

(Sharecast News) - Oil prices pushed higher on Monday after Iran and the US continued to trade blows, dampening hopes for an imminent peace deal.
Washington and Tehran agreed a ceasefire in April following weeks of fighting, which has effectively closed the vital Strait of Hormuz and sent global energy prices...

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