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Trump Says Talks Advance, Iran Halts Talks, Oil Jumps

6/2/2026

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Trump Claims Progress
  • U.S. President Donald Trump said on June 1 that talks with Iran were progressing rapidly, despite Iranian media reporting a suspension.
  • Iran halted negotiations with the United States on June 1 after Israel expanded its ground offensive in Lebanon, according to Tasnim.
  • U.S. strikes on Iranian sites and Iran missile fire at a Kuwait base yielded interceptions.
  • Brent crude rose $5-$6 to $94-$97 a barrel, and analysts warned collapse could raise prices.
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