Oil prices slide on Hezbollah ceasefire and Iran peace talks
The National · 2 Jun 2026

Oil prices slide on Hezbollah ceasefire and Iran peace talks

Oil prices fell on Monday after surging in the previous session amid continued uncertainty over peace negotiations to end the Iran conflict. US President Donald Trump said talks with Tehran were continuing “at a rapid pace”, after Iranian authorities earlier indicated that indirect ⁠negotiations wit


AI Translated Summary:
Oil prices decreased as peace talks between the US and Iran progressed, following a previous surge. The ongoing uncertainty surrounding the Iran conflict continues to impact market stability.


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