The Globe and Mail
🏢 Globe and Mail Inc. (Woodbridge)
Jun 3, 2026
· 4 min read
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Oil gains as Middle East hostilities flare
Original article ↗ 🔒 Paywalled source — limited preview availableB.I.A.S. ANALYSIS
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Article Excerpt
Oil gains as Middle East hostilities flare
REUTERS
PUBLISHED JUNE 3, 2026
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Oil prices rose around 2% on Wednesday, extending the previous session’s gains, as hostilities in the Middle East erupted anew and talks between Tehran and Washington showed little progress.
Brent futures settled up $1.81, or 1.89%, at $97.81 a barrel, while U.S. West Texas Intermediate crude climbed $2.26, or 2.41%, to $96.02.
Iran launched ballistic missiles toward regional ne…
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