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World oil prices

Trump says oil prices will stabilize after Iran conflict ends — New York Post

According to the American leader, as soon as the conflict ends, the price of oil will drop to pre-war levels

NEW YORK, June 3. /TASS/. US President Donald Trump believes oil prices will stabilize after the war with Iran is finished.

"We want low gasoline. <…> I had it down to $1.85 per gallon (3.785 liters - TASS) <...> just before the war [with Iran] started," he said in an interview with The New York Post.

According to the American leader, the price of oil will drop to pre-war levels "as soon as it [Iran conflict] ends."

"Everyone said it was going to be $300, $400 a barrel, it’s $98 a barrel but that’s not a big price to pay if you look at the possibility of them (Iran - TASS) having a nuclear weapon," Trump said.

The price of Brent crude oil futures for delivery in August 2026 on London's ICE exchange rose above $98 per barrel on Wednesday for the first time since May 28 of this year. Meanwhile, the price of WTI crude oil futures for delivery in July 2026 rose by 2.25% to $95.87 per barrel.

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FR-26 conference confirms Russia’s leadership in future nuclear tech — IAEA

The IAEA held a conference on fast reactors in China, which brought together about 500 participants from various countries, Mikhail Chudakov said

Kremlin explains Putin’s words on Ukraine conflict acquiring new dimension

The Russian leader earlier stated that with their gravest crimes against children, "the Kiev leadership has opened a new page in their crimes, giving the Ukrainian conflict a new dimension"

Tanker with Iranian oil change course, heading to China — PTI

The change in the destination of Pin Shun appears to be payment-related, Sumit Ritolia, Lead Research Analyst at Kpler, noted

Rubio says China does not provide Iran with aid complicating US military operations

However, US Secretary of State emphasized that Iran has military equipment of "Chinese origin"

Russia slaps retaliatory sanctions on five UK citizens — Foreign Ministry

According to the ministry, the provocative anti-Russian rhetoric of British officials indicates the unrelenting attitude of the leadership of the United Kingdom to continue a tough systemic confrontation with Russia

US denies reports of Iranian strike hitting US Fifth Fleet headquarters

"All Iranian attacks on American forces failed," CENTCOM said

Uralvagonzavod renames tank support vehicle Terminator into Spyridon

The new name returns military equipment to Russian spiritual values and historical truth, to the names of the defenders of the native land, UVZ emphasized

US military redirects over 120 vessels to ensure compliance of blockade against Iran

The US military established a naval blockade of Iran on April 13

Putin’s instructions to the military following Staroblesk attack already there — Kremlin

The Russian president earlier said that "the Kiev leadership has decided to turn a new page in the series of its crimes"

Iran calls on Saudi Arabia to ‘eject’ US troops from region

Iran’s Foreign Minister Abbas Araghchi stressed that Iran respects the Kingdom of Saudi Arabia and considers it a brotherly nation

Russian passenger jets to offer Wi-Fi on board — chief executive of UAC

There is also an option to install screens and other comfort accessories, Vadim Badekha said

US-Israeli strike on humanitarian aid aircraft in western Iran reported

The Civil Aviation Organization of the Islamic Republic called on all international bodies to take appropriate measures in response to this incident

US not to unfreeze Iran's funds as bonus for signing deal — State Department

"There's not going to be some sort of advanced signing bonus or good faith front," Marco Rubio said

US journalist Owens tells TASS about verbal bullying over her trip to Russia

Candace Owens said that she had faced verbal attacks and accusations of involvement in a "Russian conspiracy"

29th International Economic Forum begins its work in St. Petersburg

Governor Alexander Beglov said the forum remains a leading platform for discussing global economic issues despite the geopolitical situation

Most US companies continue to operate in Russia — AmCham chief

American businesses in Russia have been working for many years, Robert Agee noted

IN BRIEF: Key takeaways from Kremlin aide’s statements about SPIEF

According to Yury Ushakov, Russian leader Vladimir Putin will deliver a keynote address at the SPIEF plenary session

West goes back to legalizing piracy at government level — Russian diplomat

Maria Zakharova added that Western countries are fully justifying such practices

Iran wants to nationalize Strait of Hormuz — lawmaker

Spokesman for the presidium of the Iranian parliament Abbas Goudarzi mentioned the nationalization of the oil sector as an example

Belarusian diplomat points to growing threat of aggression against Belarus

Aggregate defense spending in three neighboring countries - Poland, Lithuania, and Latvia - exceeded 52 billion euro in 2025, Belarusian Permanent Representative to the UN Geneva office Larisa Belskaya said

Group of foreign mercenaries surrender near Zaporozhye

The mercenaries were surrounded and were forced to lay down their arms

Russian firm UAC finalizing production of first lot of passenger jets

Certification efforts for SJ-100 and MC-21 airplanes at the closing phase, the company's CEO Vadim Badekha said

US military aircraft struck by Iran makes it to Kuwait — TV

Iran also fired at two US UH-60 Black Hawk helicopters conducting a search and rescue operation

Russian lower house speaker comments on Pashinyan’s EU undertaking and Armenia’s future

In Vyacheslav Volodin’s opinion, Nikol Pashinyan hopes that accession to the European Union will help him hold on to power

Magyar believes EU will return to Russian energy supplies, lift sanctions in future

The Hungarian prime minister believes that no one is interested in a new economic and political cold war emerging

Putin’s remarks on new nature of conflict, Russian strikes: new briefing from Kremlin

Dmitry Peskov noted that the conflict in Ukraine could be resolved by the end of the day if Vladimir Zelensky ordered his troops to withdraw from Russian regions

Rubio not ruling out extension of carveout for Russian oil sanctions

The US Secretary of State stressed that the decision would be made by the US Department of the Treasury

Space Energy exploring site for construction of Russia’s first private spaceport

According to CEO Georgy Yemelin, once potential sites are identified, specialists will begin engineering and geodetic surveys, as well as soil assessments

Russia looks forward to visit by new head of UN General Assembly — Foreign Ministry

Moscow is ready for close and constructive cooperation with the future president of the General Assembly in order to establish a truly multipolar and just world order, Director of the Department of International Organizations at the Russian Foreign Ministry Kirill Logvinov stated

Kiev silent on Russian strikes on military-industrial complex, confirming impact — expert

Earlier, the Russian Defense Ministry reported that the Russian army, in response to Kiev's terrorist act in Starobelsk, carried out a massive strike on Ukraine's military-industrial complex and Ukrainian army airfields on the night of June 2

Dmitriev says SPIEF participant lineup shows failure of globalist policies

The RDIF chief noted that Global South countries are increasing their economic power, actively moving toward partnership with Russia, and will be widely represented at the forum

Tanzania president arrives in Russia on state visit

Samia Suluhu Hassan's visit will last until June 5, when she will speak at the plenary session of the St. Petersburg International Economic Forum

Kremlin comments on Putin’s preparations for SPIEF, Kiev’s attacks, Russia’s response

According to Dmitry Peskov, Russia will continue its special military operation specifically aimed at preventing attacks like the one on St. Petersburg

FIE lifts all previously imposed restrictions against Russian fencers — press release

Russian athletes are allowed to participate under the colors and national symbols of their country at the 2026 FIE World Championships in China’s Hong Kong on July 22-30

Russia ready for normalizing relations with US provided its interests respected — MFA

According to head of the Russian Foreign Ministry’s Department of the North Atlantic Alexander Gusarov, in terms of practical results, the emerging dynamic of restoration in relations has yet to be tested

Next-stage engine for Su-57 fighter jet to be delivered in coming years — UAC

According to CEO Vadim Badekha, the engine is undergoing trials, and the first flight with it has already taken place and was successful

Belarusian defense chief holds Moscow talks with Russia on military-technical cooperation

A military delegation led by Belarusian Defense Minister Lieutenant General Viktor Khrenin held a series of talks and visited one of the enterprises of the Russian military-industrial complex

Russia strikes Ukrainian military sites in retaliation to Kiev’s attack on Starobelsk

The Russian Armed Forces delivered a massive strike by airborne, ground-based and seaborne long-range precision weapons, including air-launched hypersonic ballistic missiles and attack unmanned aerial vehicles

Russia’s hand-launched Sokol-I UAV interceptor destroys Leleka, Hornet drones

The Russian Defense Ministry noted that the Sokol-I drone can be hand-launched in a matter of seconds, without the use of additional equipment

Trump says he would like to meet with Iranian supreme leader

The US president assumed that it can happen at some point

Persian Gulf countries running out of interceptor missiles - Bloomberg

Iran has fired almost 1,200 ballistic missiles and 4,000 Shahed drones at the Gulf states since the start of the war

Georgia plans meeting with Russia’s representative this week

The meeting will take place in a European country

Russia’s SVR warns of EU’s attempts to squeeze Russian Orthodox Church out of Armenia

The EU has insisted that Yerevan cut all religious and spiritual ties with Moscow as a prerequisite for integration into the bloc, the SVR noted

General HQ of Iranian army warns of potentially larger strikes on Tel Aviv

The Iranian military also advised "host countries of US military bases to force the Americans to leave their territory, if they want to avoid damage"

Several heavy combat drones now in final trials — chief executive of Russia’s UAC

The United Aircraft Company has achieved good results and is on par with competitors in terms of heavy combat drones, Vadim Badekha said

Trump says Iran has 48 hours to make deal or open strait

Time is running out: 48 hours remain before all hell rains down on them, US President said

FACTBOX: St. Petersburg International Economic Forum

The St. Petersburg International Economic Forum is Russia’s leading annual economic conference, held since 1997

Non-public US-Russia dialogue needed to develop treaty to replace New START — expert

The Russian-US Treaty on Measures for the Further Reduction and Limitation of Strategic Offensive Arms expired on February 5

Chisinau moving to complete shutdown of economic relations with Moscow — Russian envoy

Moldovan leadership has embarked on a course toward European integration, disregarding historical, economic, and any humanitarian ties, Oleg Ozerov noted

Putin’s envoy reveals estimate of Europe’s losses from its refusal to buy Russian energy

According to Kirill Dmitriev, Germany and other European countries can see they are actually pushing their economy to the brink of collapse

Wildberries working on corporate messenger

Wildberries is considering launching the messenger in foreign markets, the company's founder and chief executive of Wildberries & Russ Tatiana Kim said

Russia may respond to attacks on its territorial integrity with nukes — senior diplomat

Sergey Ryabkov said the hypothetical extreme situations were outlined in detail in Russia’s military doctrine and the fundamentals of Russia’s state policy on nuclear deterrence

Hungarian PM doubles down on refusal to supply weapons to Ukraine

Peter Magyar made a similar statement at a meeting in Brussels with NATO Secretary General Mark Rutte and at other venues earlier

Putin to deliver grand speech at SPIEF 2026 — Kremlin aide

As for the SPIEF’s central event, it will be a plenary session as always and it is scheduled for Friday, Yury Ushakov said

Russia to take action if nuclear weapons appear in Scandinavia — ambassador to Sweden

Sergey Belyaev said the measures will include the military-technical ones

EC nervous when saying Ukraine has to be supported as long as it takes

European Commissioner for Defense Andrius Kubilius also called for faster integration of the Ukrainian army and military industry into the European defense and industrial environment

US fighter jet downed over Iran likely conducted strikes on ground targets — media

According to CBS News national security analyst Aaron MacLean, the pilots of the downed fighter had sidearms

Ukraine’s army shells Russia’s borderline Kursk Region over 160 times in past day

In the village of Ryzhevka, the roof of a house and a car were damaged

US military in Kuwait repels attack by Iranian drones — CENTCOM

US Central Command air defenses successfully downed multiple drones and ensured no American personnel or assets were harmed

What we know about Russia's delivering retaliatory strike on Ukrainian military sites

According to Russia’s Defense Ministry, the goals of the strike were achieved

Moldova discusses canceling visa-free regime with Russia — newspaper

According to the newspaper, Chisinau is also discussing the possibility of denouncing the 2001 Treaty on Friendship and Cooperation with Russia

NATO secretary general arrives in Kiev

No information has been provided about the goal of Mark Rutte's visit

Kiev loses over 31,000 troops, mercenaries on all fronts in May — military expert

Andrey Marochko said the Ukrainian army lost over 107,000 soldiers and mercenaries in battles on all the fronts in spring

US struck empty oil tanker heading to Iranian port with missile — Pentagon

According to the statement, since the start of the naval blockade of Iran on April 13, US forces have disabled 6 commercial vessels and diverted 122

US proposes 60-day phased de-escalation plan for Lebanon — media

The plan provides for the gradual withdrawal of Israeli troops from Lebanese territory

Conflict may conclude by day's end if Ukrainian forces leave Russian regions — Kremlin

Dmitry Peskov said Vladimir Zelensky must order his armed forces to withdraw from Russia to achieve this

Hungary ready to host Ukraine talks — prime minister

Peter Magyar said that Hungary can provide diplomatic and humanitarian assistance

IN BRIEF: Ukrainian drone attacks cause casualties in Russia’s Smolensk, Leningrad regions

Two emergency workers were killed and another two suffered injuries in a drone strike in the country’s western Smolensk Region

Nuclear-powered submarine Arkhangelsk conducts missile-firing exercise in Barents Sea

The Russian Northern Fleet’s press service clarified that, according to live monitoring data, the warhead of the Oniks missile successfully hit a floating target

Long-range airplane development to take 7-10 years — UAC chief

Vadim Badekha noted that the work of creating a wide-body long-range aircraft is currently at the research and configuration determination stage so far

Russia launches massive attack on Ukrainian defense plants — top brass

The attack was launched in response to the Kiev regime’s terrorist acts

Necessary costs for Russia to compete with ChatGPT, Anthropic may exceed $100 billion

According to Evgeny Chereshnev's calculations, training a modern typical model with 1.7-2 trillion parameters costs developers about $100 million per cycle

About thirty US companies to attend SPIEF 2026 — AmCham

The forum will take place on June 3-6 and will become the 29th edition

Pezeshkian asks global community to judge which side, Iran or US, actually favors dialogue

Iranian President Masoud Pezeshkian invited the world to judge which side engages in terrorism

Iran to hit more targets if US attacks Kharg Island — ambassador

Tehran’s Ambassador to Zimbabwe Amir Hossein Hosseini also expressed hope that the conflict would be resolved diplomatically

Hungary depends on Russian oil, cannot sacrifice its companies' competitiveness — Magyar

The prime minister said Hungary needs access to affordable energy in order to grow

Press review: Russia's strikes on Kiev boost pressure as Israel could derail US-Iran deal

Top stories from the Russian press on Wednesday, June 3rd

India interested in purchasing 100-200 Russian aircrafts - United Aircraft Corporation

The head of the United Aircraft Corporation Vadim Badekha pointed out that India has a significant need for such aircraft

Trump wants to formalize Iran's nuclear program concessions in memorandum — TV

According to the TV channel, Iranian negotiators verbally assured the United States that the Islamic Republic would eventually agree to a number of conditions regarding its nuclear program, but Donald Trump considered these guarantees insufficient

Ukrainian drones attack infrastructure in St. Petersburg, injuring several people

Governor Alexander Drozdenko said that 59 unmanned aerial vehicles had been downed over the past night

Ukraine claims its attacks on ships in Black Sea caused by Russia — diplomat

Maria Zakharova emphasized that the Kiev regime’s increased terrorist activity in the Black Sea creates risks to civilian navigation

Russia reiterates support for Cuba amid external pressure — Lavrov

The Russian foreign minister congratulated Raul Castro on his 95th birthday

Journalist assures she found evidence that Brigitte Macron is male

Candace Owens revealed that Macron's wife was suing her not for saying Brigitte was a man but for saying she had stolen her sister's or her brother's ID

Moscow, Havana coordinate steps for Cuba to overcome crisis — Russian diplomat

Alexander Shchetinin said that Cuba remains Russia's partner and friend

Polish defense minister says US in talks with European countries on nuke weapons

According to Wladysіaw Kosiniak-Kamysz, defense ministers will hold a meeting at the NATO headquarters in Brussels on June 18, and one of the topics will be nuclear deterrence capacities

Another strike hits area near Bushehr Nuclear Power Plant in Iran

One of the facility’s security guards was killed, Iran’s AEOI said

EU aid to Ukraine frozen — Borrell

The ex-chief of EU diplomacy said the situation is similar with the approval of new sanctions against Russia

Kuwait Airport suspends operations following Iranian attack — authorities

According to Kuwait’s Directorate General of Civil Aviation, the attack caused casualties and serious damage to some of the airport facilities

Putin to meet with Tanzanian president arriving in Russia on state visit

Topics of discussion will include expanding cooperation, international and regional issues, and preparations for the 3rd Russia-Africa Summit

Scaling up production, lower costs to bring MC-21 price to around $100.9 mln

According to Denis Manturov, the production cost of the first aircraft will exceed the market price, as the plane received modifications and new components as part of the import substitution process

US Golden Dome missile defense system remains unattainable dream — expert

The Chairman of the Board of Directors of the US Arms Control Association Thomas Countryman also noted that it would be a waste of money

Moscow sees US plans to pressure Russia, other countries — deputy foreign minister

Alexander Pankin highlighted that the export of Russian products, their transportation, supply, sales, and the overall global operations of Russian companies were being "obstructed at every step"

Journalist says Macron blackmailed Trump over Ukraine due to reports about his wife

Candice Owens revealed that the US leader called her from Mar-a-Lago and told her about the French president's demands

Moldova must abandon sanctions against Russia — politician

According to Igor Dodon, Chisinau should return to the platforms that the Moldovan authorities decided to abandon, namely the CIS and the EAEU

New Latvian prime minister intends to break trade ties with Russia — portal

Andris Kulbergs also emphasized that Latvian pharmaceutical companies cannot requalify quickly, so the matter will be discussed separately with industry heads

Russia’s cooperation with Belarus key amid NATO’s hostile activities — defense chief

Russian Defense Minister Andrey Belousov held talks with his Belarusian counterpart, Viktor Khrenin

Israel, US attack amusement park in central Iran

No information on casualties or damage has been reported yet

Enriched uranium removal from Iran to Russia should be seen as good solution — US expert

"Whether the enriched uranium is transported to Russia or is down blended with other material within Iran, they are both good solutions to what is a looming nuclear proliferation problem," Thomas Countryman said

Putin: Russia stands for demilitarization of Ukraine

Russian President said he wished the Donbass problem could be settled through talks and the implementation of the Minsk agreements, but "regrettably, this is no longer relevant"

Likelihood of conflict against Belarus, Russia very high — Belarusian Defense Ministry

Belarusian Defense Minister Viktor Khrenin recalled the rapid militarization of Europe, the deployment of coalition troops to NATO's eastern border, and the maintenance of a forward military presence in Poland and the Baltic states

IN BRIEF: Ukrainian drone attack on passenger bus kills seven civilians, injures 11 others

Early on Wednesday morning, a passenger bus traveling from Moscow to Simferopol was hit by a Ukrainian unmanned aerial vehicle in Yenakiyevo in the DPR, DPR head Denis Pushilin said