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According to the Islamic Republic News Agency (IRNA), Irans oil minister stated that significant progress has been made in the repair of energy infrastructure and expressed optimism about a rapid recovery of the production chain.
The Federal Reserve accepted a total of $1.302 billion from five counterparties in its fixed-rate reverse repurchase operations.
On June 2nd, local time, US President Trump, in an interview with CNBC, stated, "To be honest, I dont care if the negotiations are over." When asked about reports that Iranian negotiators had halted communication with the US due to Israels military action in Lebanon, Trump responded, "I really dont care." Trump told CNBC that he would "ask" Israeli Prime Minister Netanyahu "what the situation is like in Lebanon." He also stated that he was not worried about oil prices. Previously, a report from Iranian state media caused a sharp rise in oil prices, claiming that Tehran would not only halt negotiations but also vow to "completely block the Strait of Hormuz." Trump said, "I think oil prices will, in the very near future, in a very short time, fall like rocks."
US President Trump: Oil prices will fall "like a rock" in the near future.
Irans Foreign Ministry: Iran will continue to exercise its right to self-defense and make full use of all its capabilities to protect its own interests when necessary.