Oil prices hover near $95 as Iran conflict keeps global supplies in a chokehold — Why your fuel tank still hurts

Oil Price Today (June 2): Crude oil at $95 per barrel amid conflicting Iran war signals. What are experts…

Brent crude at $95/bbl, WTI $92, as U.S.-Iran ceasefire talks deadlock on Strait of Hormuz reopening, critical for global energy supply normalization. Extended closure could escalate energy costs for data centers through Q3 2026; CTO budgets may face pressure if supply tightness persists beyond eight weeks.