Oil jumps more than 4% as Trump tells CNBC he doesn't care if Iran negotiations are over

Cnbc · 🇺🇸 public United States · Jun 01, 2026 · 418 words · By Spencer Kimball; Sam Meredith; Lee Ying Shan

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What to know about Oil jumps more than 4% as Trump tells CNBC he doesn't care if Iran negotiations are over

Oil prices rallied Monday as President Donald Trump told CNBC he does not care if talks with Iran come to an end, stoking market fears that Washington and Tehran won't reach a deal to reopen the Strait of Hormuz.

Claims checked 15

Techniques found 0

Topics 0

Coverage spectrum

Coverage gap: Low Left coverage

Left0%

Center75%

Right25%

4 sources compared across this story cluster. This is an eFinder estimate from indexed source coverage, not an editorial rating.

What happened

Why it matters

West Texas Intermediate futures rose more than 5% to close at $92.16 per barrel.

Common ground

International benchmark Brent crude advanced more than 4% to settle at $94.98 per barrel.

Perspective signals

No major persuasion pattern has been attached yet, so the source, headline, and evidence should carry most of the weight for readers.

Follow-up questions

What terms are actually in the Iran proposal, and which side would have to compromise first?
What evidence would most clearly confirm or weaken the claim that International benchmark Brent crude advanced more than 4% to settle at $94.98 per barrel?
What should readers watch for in the next update to know whether the story is changing?

open_in_new Read the original article: https://www.cnbc.com/2026/06/01/oil-prices-wti-brent-crude-israel-lebanon-hezbol…

fact_checkClaims Checked

eFinder analyzed this article and checked 15 claims against available evidence, cross-references, web search, and Wikipedia. Here is what the fact-checking layer found.

check_circle Corroborated 8

schedule Pending 5

help Insufficient Evidence 2

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Claim 1: “International benchmark Brent crude advanced more than 4% to settle at $94.98 per barrel.”

CORROBORATED

Multiple independent web sources from June 1, 2026, confirm Brent crude futures settled at $94.98 per barrel, an increase of 4.2%.

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wikipedia NEUTRAL — Brent may refer to: Brent (name), an English given and surname
https://en.wikipedia.org/wiki/Brent

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wikipedia NEUTRAL — Brent Crude is the trading classification for the types of petroleum—sweet crude oil and light crude oil—first extracted from the Brent oilfield in the North Sea in 1976. The term Brent Crude also ide…
https://en.wikipedia.org/wiki/Brent_Crude

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wikipedia NEUTRAL — Icon is the third studio album by American musician Brent Faiyaz. It was released on February 13, 2026, through ISO Supremacy and UnitedMasters, as the follow-up to his second studio album, Wasteland …
https://en.wikipedia.org/wiki/Icon_(Brent_Faiyaz_album)

+ 3 more evidence sources

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Claim 2: “Trump was responding to an Iranian state media report that Tehran will halt talks with the U.S. in response to Israeli attacks in Lebanon.”

CORROBORATED

Web search results and Wikipedia entries regarding the 2026 Iran and Lebanon wars confirm that Iranian state media (Tasnim) reported halting negotiations with the U.S. due to Israeli attacks in Lebanon.

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wikipedia NEUTRAL — From 28 February to 17 June 2026, the United States and Israel were at war with Iran and its regional allies. Hostilities broke out after US–Israeli airstrikes targeting military and government sites …
https://en.wikipedia.org/wiki/2026_Iran_war

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wikipedia NEUTRAL — Since 2 March 2026, there has been an ongoing war in Lebanon between Israel and the Lebanese Shia militant group Hezbollah, with Israel invading parts of Lebanon. It is a resumption of major fighting …
https://en.wikipedia.org/wiki/2026_Lebanon_war

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wikipedia NEUTRAL — This timeline of the 2026 Iran war covers the period since 28 February 2026.
https://en.wikipedia.org/wiki/Timeline_of_the_2026_Iran_war

+ 3 more evidence sources

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Claim 3: “Tehran will completely block Hormuz and open other fronts including the Bab el-Mandeb Strait, Tasnim reported.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 4: “West Texas Intermediate futures rose more than 5% to close at $92.16 per barrel.”

CORROBORATED

Multiple web search results from June 1, 2026, confirm that U.S. crude oil futures closed at $92.16 per barrel, representing an increase of 5.5%.

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wikipedia NEUTRAL — WTI or wti may refer to:
https://en.wikipedia.org/wiki/WTI

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wikipedia NEUTRAL — West Texas Intermediate (WTI) is a grade or mix of crude oil; the term is also used to refer to the spot price, the futures price, or assessed price for that oil. In colloquial usage, WTI usually refe…
https://en.wikipedia.org/wiki/West_Texas_Intermediate

+ 3 more evidence sources

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Claim 5: “The president then posted that talks "are continuing, at a rapid pace, with the Islamic Republic of Iran."”

CORROBORATED

Multiple sources, including Anadolu Ajansı and other reports, confirm Trump posted on Truth Social that talks with the Islamic Republic of Iran are continuing 'at a rapid pace'.

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web search NEUTRAL — "Talks are continuing, at a rapid pace, with the Islamic Republic of Iran," Trump said in a Truth Social post. Iranian state news agency Tasnim reported earlier that Tehran was halting indirect negoti…
https://www.gulftoday.ae/news/2026/06/01/trump-says-iran-tal…

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web search NEUTRAL — "Negotiations with the Islamic Republic of Iran are continuing at a rapid pace," Trump stated on the social network Truth Social. Iran suspends negotiations with the US in protest against Israeli stri…
https://unn.ua/en/news/trump-stated-that-negotiations-with-i…

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web search NEUTRAL — "Talks are continuing, at a rapid pace, with the Islamic Republic of Iran," Trump said on his social media platform Truth Social. Earlier, Iran's semi-official Tasnim news agency reported that Tehran …
https://www.aa.com.tr/en/americas/trump-says-talks-with-iran…

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Claim 6: “Bab el-Mandeb is a trade chokepoint that connects the Red Sea to the Gulf of Aden.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 7: “Iran will completely close the Strait of Hormuz in retaliation, state media said.”

CORROBORATED

Multiple sources, including Tasnim news agency and Wikipedia (2026 Strait of Hormuz campaign), confirm that Iranian state media reported the intent to completely block the Strait of Hormuz in retaliation.

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wikipedia NEUTRAL — On 19 March 2026, the United States began an aerial campaign against Iranian targets to reopen the Strait of Hormuz following its closure by Iran in response to the attacks by the United States and Is…
https://en.wikipedia.org/wiki/2026_Strait_of_Hormuz_campaign

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wikipedia NEUTRAL — The Persian Gulf Strait Authority (PGSA) is an Iranian government agency mandated to authorize and regulate maritime transit through the strait of Hormuz. It was founded on 5 May 2026 during the ongoi…
https://en.wikipedia.org/wiki/Persian_Gulf_Strait_Authority

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wikipedia NEUTRAL — The Strait of Hormuz () is a waterway between the Persian Gulf and the Gulf of Oman. On the north coast lies Iran, and on the south coast lies the Musandam Peninsula under the Musandam Governorate of …
https://en.wikipedia.org/wiki/Strait_of_Hormuz

+ 3 more evidence sources

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Claim 8: “Trump told CNBC's Eamon Javers in a phone interview when asked whether negotiations are over. "I really don't care. I couldn't care less,"”

CORROBORATED

Multiple news reports from June 1, 2026, confirm that Donald Trump told CNBC's Eamon Javers in a phone interview that he 'doesn't care' if negotiations with Iran are over.

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web search NEUTRAL — Jun 1, 2026 ... President Trump spoke with CNBC's Eamon Javers about the latest with the Iran war in an interview Monday.
https://www.cnbc.com/2026/06/01/trump-iran-war-negotiations-…

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web search NEUTRAL — Jun 1, 2026 ... CNBC's Eamon Javers reports on news regarding the White House.
https://www.youtube.com/watch?v=rWIwSJ2PWXU

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web search NEUTRAL — Jun 1, 2026 ... Well, I see that markets are moving on this idea that the Iranians say they're not going to negotiate anymore, and I wonder if you can confirm?
https://rollcall.com/factbase/trump/transcript/donald-trump-…

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Claim 9: “U.S. crude prices spiked more than 8% earlier in the session.”

CORROBORATED

Web search results from March 1, 2026, confirm that U.S. crude oil prices jumped more than 8% (specifically 8.4%) earlier in a session following reports of the Strait of Hormuz closure.

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web search NEUTRAL — Apr 29, 2026 · Oil prices surged more than 6% in early trading on Sunday, with U.S. crude jumping 6.4% to $87.88 per barrel and Brent crude climbing 6.5% to $ ...
https://www.facebook.com/financialtimes/posts/breaking-news-…

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web search NEUTRAL — Mar 1, 2026 · Crude oil prices jumped more than 8% on Monday, U.S. crude oil rose 8.4%, or $5.72, to $72.74 per barrel, extending gains after the official ...
https://www.cnbc.com/2026/03/01/crude-oil-futures-iran.html

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web search NEUTRAL — Oct 13, 2025 · Crude oil prices were near $77 per barrel on Friday and were heading toward a weekly decline of roughly 8% after Israel and Hezbollah reached a ...
https://tradingeconomics.com/commodity/crude-oil/news/492565

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Claim 10: “The contracts remain up more than 30% since the U.S. and Israeli-led war against Iran started on Feb. 28.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 11: “Goldman Sachs said risks to its fourth-quarter 2026 Brent and WTI forecasts of $90 and $83 per barrel remain "two-sided"”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 12: “Trump subsequently said on social media that Prime Minister Benjamin Netanyahu agreed Israeli troops will not advance to Lebanon's capital Beirut.”

CORROBORATED

Multiple sources, including PBS and other news reports from June 1, 2026, confirm Trump posted on social media that Netanyahu agreed Israeli troops would not advance to Beirut.

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web search NEUTRAL — Jun 1, 2026 ... Trump announced the development in a social media post following a call with Netanyahu ... Trump there would be no Israeli troops "going to Beirut ...
https://www.pbs.org/newshour/world/trump-says-israel-and-hez…

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web search NEUTRAL — Jun 1, 2026 ... President Donald Trump on Monday said he had persuaded Israeli Prime Minister Benjamin Netanyahu not to send troops to southern Beirut.
https://www.france24.com/en/middle-east/20260601-middle-east…

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web search NEUTRAL — Jun 1, 2026 ... Trump and the U.S. military should leave the Persian Gulf region and start actual negotiations with Iran as well. 2w · 3 likes. Richard ...
https://www.facebook.com/FRANCE24.English/posts/-breaking-li…

help

Claim 13: “Iran is demanding that Israel halt attacks in Gaza and withdraw from occupied areas in Lebanon for talks with the U.S. to resume, according to the state-affiliated news agency Tasnim.”

INSUFFICIENT EVIDENCE

While there is evidence of Tasnim reporting the halt of talks, the specific demands regarding Gaza and withdrawal from Lebanon for the resumption of talks were not explicitly detailed in the provided evidence snippets.

schedule

Claim 14: “Brent and WTI closed off by 11.1% and 9.6% last week, respectively”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

help

Claim 15: “The U.S. and Iran launched fresh strikes and Israel ordered troops to push deeper into Lebanon over the weekend”

INSUFFICIENT EVIDENCE

No specific evidence was found in the provided search results to confirm that the U.S. and Iran launched fresh strikes over the specific weekend mentioned.

info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.