Oil climbs after Iran’s president dies, Saudi king’s health issue
Oil prices rose following political uncertainty in major oil-producing countries. This was caused by the death of Iran's president in a helicopter crash and Saudi Arabia's king's health issues, which led to the cancellation of a diplomatic trip. Brent reached $84.39 a barrel, and WTI stood at $80.29, the highest in weeks. OPEC+ is set to meet on June 1.