Iran Cuts Off All Talks With U.S.—Blames Israeli Strikes On Lebanon

BreakingBusinessIran Cuts Off All Talks With U.S.—Blames Israeli Strikes On LebanonBySara Dorn,Forbes Staff. Sara Dorn is a Forbes news reporter who covers politics.Follow AuthorJun 01, 2026, 11:00am EDTToplineIran cut off all negotiations with the U.S. on Monday, with state media and key Iranian officials suggesting Israel’s continued attacks on Lebanon are to blame— derailing a potential peace deal that appeared closer than ever. Smoke rises from the site of an Israeli strike in the southern Lebanese city of Tyre on May 31, 2026. (Photo by KAWANT HAJU / AFP via Getty Images)AFP via Getty ImagesKey FactsIran said it would halt talks with the U.S. over ongoing attacks by Israeli forces in Lebanon, Tasnim News Agency reported. The report prompted an immediate surge in oil prices: West Texas Intermediate futures jumped 7.9% to $94.27 and Brent crude futures went up 6.9% as of 10:30 a.m. EDT. Meanwhile, Iranian negotiators lamented ongoing fighting in Lebanon in posts on social media Monday, calling them violations of the ceasefire.Earlier Monday, the U.S. military said it intercepted missiles Iran fired at American troops in Kuwait. This is a developing story and will be updated.Got a tip? Share confidential information with Forbes.Editorial StandardsReprints & PermissionsLOADING VIDEO PLAYER...FORBES’ FEATURED Video