Published on: 2026-06-01
Source: People’s Republic of China in Russian –
An important disclaimer is at the bottom of this article.
New York, June 1 /Xinhua/ — Crude oil futures prices in Monday’s early morning trading rose by more than 5 percent amid concerns over a new escalation of tensions between the United States and Iran.
In trading, the price of the West Texas Intermediate crude oil futures for delivery in July demonstrated an increase of $6.94, or 7.94%, reaching $94.3 per barrel. Brent crude oil futures for delivery in August also sharply rose — by $6.33, or 6.94%, up to $97.45 per barrel at the minimum intraday level.
As reported on Monday by the semi-official Iranian news agency Tasnim, Iran has ceased exchanging messages with the United States through intermediaries as a sign of protest against Israeli actions in Lebanon.
“There will be no dialogue until Iran’s demands for an ‘immediate cessation’ of Israeli operations in the Gaza Strip and Lebanon are met,” emphasized the news agency. –0–
Please note; This information is raw content received directly from the information source. It represents an accurate report of what the source claims and does not necessarily reflect MIL-OSI’s position or that of its clients.