Brent crude and WTI prices were rising after an exchange of strikes between the U.S. and Iran over the weekend.

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

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.

CENTCOM said it intercepted two Iranian missiles targeting U.S. troops in Kuwait on Sunday night. “These missiles were immediately defeated and no American personnel were harmed,” CENTCOM said. -ABC News’ Steven Beynon

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

Fox News chief foreign correspondent Trey Yingst and Ret. Brig. Gen. John Teichert discuss rising U.S.-Iran tensions over the naval blockade in the Strait of Hormuz and CENTCOM's interception of Iranian missiles on 'America Reports.

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.

By Parisa Hafezi DUBAI, June 1 (Reuters) - Iran is pushing for a limited interim agreement with the United States in a bid to ease mounting economic pressure and stabilise the situation at home, while avoiding major concessions on its nuclear programme,