#Oil Prices

Oil Rebounds Above $70 as Trump Warns of Iran's Annihilation Ahead of Doha Talks

Oil prices climbed back above $70 per barrel on June 29 after a weekend of US-Iran military exchanges rattled energy markets, even as both sides agreed to pause hostilities and head to Doha for talks. Trump issued a stark warning that Iran could face total annihilation if strikes continue.

June 29, 2026