To Preserve Iran Nuclear Deal, Trump Swears at Netanyahu, Oil Price Surges Over 7% Before Falling

June 2nd — U.S. President Donald Trump is making a push to get U.S.-Iran negotiations back on track. But his efforts hit a snag after a tense argument with Israeli Prime Minister Benjamin Netanyahu over Israel’s stepped-up military actions in Lebanon. Iran announced Monday it’s temporarily pausing talks with the U.S. amid the ongoing conflict in Lebanon. Trump later took to Truth Social, writing that he had asked Netanyahu “not to launch a large-scale attack on Beirut, Lebanon.” He added he’d spoken with a Lebanese Hezbollah representative, who agreed to stop firing at Israel and its troops — and Israel also committed to a ceasefire. In comments to ABC, Trump says he believes he’ll lock in an agreement with Iran to extend the ceasefire and reopen the Strait of Hormuz within the “next week.” He noted there was a “slight hitch” on Monday because Iran was frustrated by Israel’s attack on Lebanon, and he’s since reached out separately to Hezbollah and Netanyahu to push both sides to halt fire. Axios, citing two U.S. officials and a source familiar with the calls, reports Trump made his strong dissatisfaction clear to Netanyahu over Israel’s military escalation in Lebanon — demanding Israel scrap plans to attack Beirut. The source added Trump accused Netanyahu of potentially further isolating Israel on the global stage. Netanyahu, for his part, said if Hezbollah stops its attacks, Israel will not target Beirut — but the Israeli Defense Forces (IDF) will keep carrying out planned military operations in southern Lebanon. Word that Iran was suspending talks sent Brent crude oil briefly surging above $97 per barrel. After Trump’s statement, prices retraced some of those gains, ultimately closing up roughly 4% at around $95 per barrel.