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Walter Bloomberg: OIL PRICES RISE DESPITE TRUMP SIGNALS OF IRAN DEAL Oil prices climbed Monday after weekend...

Source-attributed Telegram post from Walter Bloomberg: OIL PRICES RISE DESPITE TRUMP SIGNALS OF IRAN DEAL Oil prices climbed Monday after weekend U.S.–Iran exchanges reignited geopolitical tensions. Brent rose...

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Walter Bloomberg

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OIL PRICES RISE DESPITE TRUMP SIGNALS OF IRAN DEAL

Oil prices climbed Monday after weekend U.S.–Iran exchanges reignited geopolitical tensions.

Brent rose 2.8% to $93.63 and WTI gained 3.4% to $90.29, reversing part of May’s sharp 19% decline in Brent.

The move followed reported U.S. strikes on Iranian radar and drone command sites after Iran downed a U.S. drone, while Kuwait reported missile and drone attacks.

President Trump said Iran “really wants a deal” and that negotiations would prevent it from obtaining a nuclear weapon, though markets remain focused on escalation risk.

Analysts note uncertainty around Middle East supply returning to markets, with outcomes dependent on whether tensions de-escalate or widen.
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