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geopoliticsbullishWTIPublished Jun 3, 2026, 4:00 PM

Iran War Hostilities Flare with Attacks on Gulf Targets, Oil Prices Surge

Iran War Hostilities Flare with Attacks on Gulf Targets, Oil Prices Surge
On June 2-3, Iranian missile and drone attacks targeted Kuwait, Bahrain and other sites amid stalled US-Iran talks and Hezbollah rocket launches at Israel; this disrupted oil supplies and shipping through the Strait of Hormuz, pushing crude prices higher.

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