Oil prices could soar again absent a peace deal with Iran, Zandi said. Crude saw a fresh spike on Monday as US-Iran talks appeared to stall.

An Iranian woman who now lives in the U.S. spoke with CBS News as the war with Iran entered its fourth month.

The fighting in the Middle East dimmed hopes that the U.S. and Iran could soon announce an extension to their ceasefire.

Iran has stopped peace negotiations with the U.S. as it alleges it has violated their cease-fire agreement, Iran state media reported Monday.

U.S. President Donald Trump said talks with Iran over an interim peace deal will “work out well,” even as the countries’ forces clashed again near the Strait of Hormuz.

By Feras Dalatey and Joanna Plucinska DUBAI/LONDON, June 1 (Reuters) - Syria recorded nearly 12,000 aircraft transits in May as regional airlines rerouted around airspace disrupted by conflict in the Middle East and into skies that most carriers had avoided for more than a decade.

Sardar Azmoun has been left out of Iran's World Cup squad, amid reports of a perceived act of disloyalty to the country's government.

The fresh trading of strikes comes amid stalled progress in the peace deal negotiations between Washington and Tehran.