Oil Edges Up After Plunging on Optimism Over US-Iran Agreement
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nwvnh4j}xus4jbh)2y8}(n4]_media_dl_1.png US Department of Energy Article content (Bloomberg) — Oil inched higher after plummeting on Wednesday, as President Donald Trump said the US is in the “final stages” with Iran. Article content Brent neared $106 a barrel after sliding 5.6% on Wednesday, while West Texas Intermediate was around $99. Trump’s comments to reporters stoked hopes for a deal between Washington and Tehran that would see a near-term restart of energy flows through the critical Strait of Hormuz. Article content Article content Article content Conflicting headlines about the status …
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Jun 2, 2026