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Oil prices surpass $94 amid stalled US-Iran peace talks and Hormuz closure

By CityCalc Newsroom · Mon Jun 01 2026 · Source: Daily News Egypt

Oil prices have rebounded from a six-week low, with Brent crude surpassing $94 a barrel, amid persistent uncertainty over a temporary peace agreement between the United States and Iran that would reopen the Strait of Hormuz and end a blockade that has fractured Gulf economies. W…

Oil prices have rebounded from a six-week low, with Brent crude surpassing $94 a barrel, amid persistent uncertainty over a temporary peace agreement between the United States and Iran that would reopen the Strait of Hormuz and end a blockade that has fractured Gulf economies. W…

Curated by CityCalc from Daily News Egypt. Read the full article at the source.

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