New York/Washington, June 2 (SANA) Oil prices surged more than 4 percent on Tuesday after media reports suggested that Iran had halted indirect negotiations with the United States, raising concerns about potential disruptions to global energy markets.
According to Reuters, Brent crude futures settled up 4.2 percent at $94.98 per barrel, while U.S. West Texas Intermediate crude gained 5.5 percent to close at $92.16 per barrel. Both benchmarks had risen more than 6 percent earlier in the session before trimming gains after U.S. President Donald Trump said he was unaware of any suspension of talks and confirmed that negotiations with Iran were still ongoing.
Meanwhile, gold prices advanced about 0.9 percent, supported by declining U.S. Treasury yields and continued uncertainty surrounding geopolitical developments in the Middle East. Spot gold rose to $4,523.16 per ounce, while U.S. gold futures climbed to $4,548.40 per ounce.
Market participants are now awaiting key U.S. employment data and comments from Federal Reserve officials later this week for further indications on the outlook for monetary policy and inflation.
KA.RK
