Oil Drops 3% to $92.64 as Trump Resists Renewing Full-Scale Iran War

3 articles · Updated · CNBC · Jun 4

WTI futures fell 3.5% to $92.64 a barrel and Brent slid more than 3% to $94.78 after a report said Donald Trump is reluctant to restart full-scale war with Iran.
The Wall Street Journal said Trump told aides the weeks-long ceasefire is still holding despite sporadic clashes, though he would consider ending it if Iran kills U.S. troops.
That eased fears after the truce looked close to collapse earlier this week, when Iranian state media said Tehran had cut off talks with Washington over Israel's campaign in Lebanon.
A Wednesday Israel-Lebanon ceasefire could help revive U.S.-Iran diplomacy, but its durability remains uncertain as Netanyahu says Hezbollah must be disarmed and Lebanon demilitarized.
Trump also faces rising domestic pressure: the House passed a resolution urging him to withdraw U.S. forces or seek congressional approval, though the Senate still must act and he would likely veto it.