OIL PRICES RISE DESPITE TRUMP SIGNALS OF IRAN DEAL Oil prices climbed Monday after weekend U.S.–Iran exchanges reignited geopolitical tensions. Brent rose 2.8% to $93.63 and WTI gained 3.4% to $90.29, reversing part of May’s sharp 19% decline in Brent. The move followed reported U.S. strikes on Iranian radar and drone command sites after Iran downed a U.S. drone, while Kuwait reported missile and drone attacks. President Trump said Iran “really wants a deal” and that negotiations would prevent it from obtaining a nuclear weapon, though markets remain focused on escalation risk. Analysts note uncertainty around Middle East supply returning to markets, with outcomes dependent on whether tensions de-escalate or widen.(*Walter Bloomberg)