Major Setback in U.S.-Iran Talks; Iran Plans Full Blockade of Strait of Hormuz and Opens "Front" at Bab el-Mandeb! International Oil Prices Soar

Deep News06-01 21:56

The stock market is best navigated with insights from expert analyst research reports, which are authoritative, professional, timely, and comprehensive, helping you uncover potential thematic opportunities.

According to a report from China Central Television (CCTV), citing Iranian sources on June 1, Iran's negotiation team has suspended dialogue with the United States through intermediaries due to Israel's ongoing military operations in Lebanon.

As reported by Xinhua News Agency, Iranian media stated on June 1 that Iran and the "Axis of Resistance" plan to completely blockade the Strait of Hormuz and initiate actions on other "fronts," including the Bab el-Mandeb Strait.

In the markets, international crude oil prices surged sharply. At the time of writing, U.S. crude oil prices had risen by 5.33%.

Disclaimer: This information is republished from a cooperative media partner. It is published for the purpose of conveying more information and does not imply endorsement of the views or confirmation of the descriptions. The content is for reference only and does not constitute investment advice. Investors acting on this information do so at their own risk.

For a vast amount of information and precise analysis, visit the Sina Finance app.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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