U.S. oil jumps more than 6% on report Iran will halt talks with U.S. and completely block Hormuz

Jun 1, 2026 - 10:05

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U.S. oil jumps more than 6% on report Iran will halt talks with U.S. and completely block Hormuz

Oil prices rose on Monday after Israel instructed troops to push deeper into Lebanon amid renewed clashes with the Iran-backed Hezbollah group.

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