NEW YORK: Oil prices rose on Wednesday (Jun 3), edging closer to US$100 a barrel while stocks fell as further attacks between the United States and Iran dented hopes of an imminent peace deal.Wall Street indexes tumbled and European stocks were mostly in the red, following a mixed showing

Oil prices climbed after fresh fighting threatened the US-Iran ceasefire, though US stock markets showed little sign of concern.

After wavering at the open, two of Wall Street's three main stock indices set fresh record highs, before paring those gains slightly before the close.