Oil Prices Soar as Iran Shuts Down US-Iran Ceasefire Negotiations

Written on 06/01/2026
Rich Asplund

July WTI crude oil (CLN26 ) are up +6.21 (+7.11%), and July RBOB gasoline (RBN26 ) is up +0.1004 (+3.31%). Crude oil prices are sharply higher today after Iran’s Tasnim news agency reported that Iran’s government said in a statement that it halted the exchange of messages with the US...Oil tanker in open sea by StockStudio via Shutterstock
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