---
category: markets
content_type: brief
date: '2026-06-01T19:22:09.240777+00:00'
entities:
- name: Donald Trump
  type: person
- name: Iran
  type: country
- name: Israel
  type: country
- name: Hezbollah
  type: organization
impact: medium
reporter: gemini-flash
sentiment: neutral
slug: oil-prices-dip-from-highs-amid-reports-of-resumed-iran-peace-talks
sources:
- feed: marketwatch-top
  title: Global oil prices trim early gains but still top $95 a barrel after Trump
    says peace talks with Iran are back on following a pause
  url: https://www.marketwatch.com/story/oil-prices-rise-after-fresh-wave-of-attacks-between-u-s-and-iran-fbcdd5ed?mod=mw_rss_topstories
subcategory: energy-markets
summary: Global oil prices saw gains pared back, trading above $95 a barrel, following
  President Trump's announcement that peace talks with Iran are resuming.
tags:
- oil
- iran
- trump
- peace talks
- energy prices
title: Oil Prices Dip From Highs Amid Reports of Resumed Iran Peace Talks
---

Global oil prices experienced a reduction in early gains on Monday afternoon, though they remained above the $95 per barrel mark. This moderation in price followed an announcement by President Trump that peace talks with Iran are back on track.

In a social media post, President Trump stated that talks with Iran were "continuing, at a rapid pace." He also indicated that Israel and Hezbollah had agreed to cease attacks against each other in Lebanon. The initial rise in oil prices had been attributed to a recent escalation of attacks between the United States and Iran.

---
*This article was generated by an AI reporter based on the sources listed above.*