Oil prices rise as new Middle East hostilities flare and talks stall

Oil prices climbed more than 1% in early trade on Wednesday as hostilities in the Middle East erupted anew with ​Iran firing missiles at Kuwait and Bahrain, while diplomatic talks ‌between Iran and the United States showed little progress.

Jun 3, 2026 - 10:00
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Oil prices rise as new Middle East hostilities flare and talks stall
Oil prices climbed more than 1% in early trade on Wednesday as hostilities in the Middle East erupted anew with ​Iran firing missiles at Kuwait and Bahrain, while diplomatic talks ‌between Iran and the United States showed little progress.

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