look news india
The hopes of peace and ceasefire in West Asia have once again suffered a deep blow. Due to the renewed military violence and conflict in the Middle East, crude oil prices have increased for the third consecutive day in the international market. The fear of breaking the crude supply chain can be clearly seen among global investors. You will be surprised to know that oil prices have increased by more than 7% in the first two trading sessions of this week, and today this graph has gone up further.
Crude oil prices in the international market today (3 June 2026)
You can easily understand the current prices and their growth of both the major crude benchmarks in the global market from the table given below:
Middle East turned into a battlefield, concerns about supply stoppage increased
At present, continuous air attacks by Israel are continuing on Lebanon. This military action has completely endangered the long-running, extremely delicate and behind-the-scenes diplomatic talks between Washington (America) and Tehran (Iran). The tension has increased to such an extent that the Islamic Republic of Iran has also dragged its neighboring countries into this dispute.
The American Central Command (CENTCOM) has shared a very shocking information on the social media platform X. According to this, Iran has fired several ballistic missiles towards Kuwait and Bahrain. However, it was a matter of relief that these missiles either crashed in the air or the American defense system stopped them in time. Retaliating immediately after this attack, the US military attacked a strategically important area of Iran. Qeshm Island There have been rapid attacks on the bases built there.
? No verbal trust, Trump needs ‘written guarantee’
American news channel ABC News has made a big revelation quoting senior sources related to this entire matter. According to the report, US President Donald Trump wants Iran to agree to the conditions related to its nuclear program under this initial agreement to end the war forever. ‘Written Nuclear Waiver’ Sign on. Actually, Tehran had earlier given only verbal assurance that it would limit its nuclear program, but America is now in no mood for any agreement without a written document.
The world rests on the Strait of Hormuz
Oil market analysts say that the possibilities of increasing the current ceasefire and the most important route Strait of Hormuz Until things become clear on the future of energy flows from India, this surge in prices will not stop.
Last month, when hopes of a peace deal were raised, prices dropped significantly. But now due to the delay in the solution, the concern has spread all over the world that if the export of oil from the Persian Gulf does not become completely normal, then in the coming days the world will have to use its reserved crude oil reserves, due to which both fuel shortage and inflation can reach its peak. Amidst all these controversies, another round of talks is scheduled to take place between Israel and Lebanon on Wednesday, which is being closely monitored by the global markets.
