Trump Clashes With Netanyahu Over Lebanon Escalation; Oil Surges 7% as Iran Halts U.S. Talks

According to BlockBeats and Axios, on June 2, President Trump clashed with Israeli Prime Minister Netanyahu over military escalation in Lebanon, while Iran suspended U.S. negotiations amid the conflict. Trump demanded Netanyahu halt planned attacks on Beirut and stated he had secured agreement from Hezbollah representatives to cease fire. Netanyahu responded conditionally, saying Israel would not strike Beirut if Hezbollah stopped attacks but would continue military operations in southern Lebanon.

Brent crude surged above $97 per barrel on Iran's suspension announcement, gaining over 7%, before retreating following Trump's statement. The contract ultimately closed near $95 per barrel, up approximately 4% for the day.