Trump Says Iran Deal Will ‘Work Out Well’ as Brent Climbs 3.4% on Clashes

President Donald Trump said June 1 that talks with Iran over an interim peace deal would “work out well,” while continuing military clashes near the Strait of Hormuz lifted oil prices. Brent crude rose 3.4% to $94.17 a barrel, partially reversing last week’s 11% slide. The negotiations aim to extend a ceasefire by about two months, reopen the strait, and lift a U.S. blockade of Iranian ports. Over the weekend, U.S. forces struck Iranian radar and command sites in response to a drone shootdown; Iran’s Revolutionary Guard retaliated. On Monday, three ballistic missiles targeted Kuwait’s Ali Al-Salem airbase and were intercepted. Iranian state TV reported an unofficial draft accord that would grant Tehran exclusive authority over vessels transiting the strait and release $12 billion in frozen funds within 60 days. Trump, facing domestic pressure to curb energy-price spikes, dismissed speculation about his decision-making. “Just sit back and relax, it will all work out well in the end,” he posted on social media.