Oil Climbs After Fresh Trump Threat as US-Iran Peace Talks Begin

Bloomberg · last updated June 21, 2026 – 3:43 PM

Oil rose after President Donald Trump threatened strikes on Iran if Hezbollah keeps attacking Israel, raising concerns about progress for peace talks between Washington and Tehran.

Brent crude climbed as much as 2.2% at the open to $82.30 a barrel, while West Texas Intermediate was near $77. Negotiations got off to a rocky start in Switzerland on Sunday after Iranian media reported Tehran halted talks after the latest Trump threat, but people familiar said they were continuing. The Islamic Republic has accused Israel of violating a truce in Lebanon.

here today, more tomorrow

We’ve launched briefing.center with a focus on the press and media.

And we’ve added Citizen Cartwright, a daily quick-read news summary by veteran Washington journalist Linda Cartwright. We’ve also created a new voting rights knowledge center for Citizen Cartwright subscribers. (You can sign up for a dedicated morning email at citizencartwright.com.)

You can sign up here for full access to press and media and Citizen Cartwright on briefing.center.

You can use briefing.center as the center of your information management, or just one of your tools. We’re happy to discuss your information needs.