Commodities
Oil prices extend gains as Iran said to suspend peace talks with US
By Michele Maatouk
Date: Monday 01 Jun 2026
(Sharecast News) - Oil prices rose further in afternoon trade on Monday following a report that Iran has suspended peace talks with the US until Israel ends its operations in Lebanon.
According to Iranian news agency Tasmin, Iran has suspended the talks in protest at Israel's offensives in Lebanon and Gaza.
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