Oil prices were subdued on Tuesday amid oversupply worries. Iran's crackdown on protests quelled civil unrest, lowering the chance of an attack that could disrupt supplies from the major Middle Eastern producer.
Iran accounts for a significant share of global output and therefore recent signs that there would be no immediate U.S. military intervention helped reduce risks to supply across the Persian Gulf region.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.