Oil prices dropped after reports emerged that Pakistan, backed by China, is seeking to restart talks between the U.S. and Iran. This comes as U.S. forces continue strikes on Iran-linked targets and former President Trump threatens a "massive attack" on Iran, further escalating Middle East tensions.
President Trump announced the US has agreed to continue negotiations with Iran, despite ongoing conflict. He stated the June 17 ceasefire is over, while Iran has not confirmed requesting talks. The US and Iran have exchanged attacks over the Strait of Hormuz.
Despite escalating attacks between the US and Iran this week, a US official stated Washington remains committed to negotiations for a lasting peace deal. Technical talks are set to continue, though both sides accuse each other of violating a recent Memorandum of Understanding.
US President Trump declared the memorandum of understanding with Iran "over," citing its failure to resolve disputes and prevent attacks on shipping. The 60-day ceasefire, intended for diplomacy, unraveled in under three weeks amid renewed strikes and counter-strikes, raising fears of a return to full hostilities.
Turkish Foreign Minister Hakan Fidan warned that Israel might attempt to disrupt US-Iranian negotiations if given the chance. He emphasized that all countries should be aware of this potential eventuality, while valuing the ongoing talks.
A new round of US-Iran talks, focusing on Iran's nuclear program, sanctions, and asset unfreezing, is expected on July 11, with Islamabad, Pakistan, cited as the most likely venue by diplomatic sources, though no final decision has been made.
External Affairs Minister S Jaishankar lauded Qatar's mediation in US-Iran talks. During his visit, Jaishankar met Qatari PM Sheikh Mohammed bin Abdulrahman Al Thani to discuss bilateral relations, energy, trade, and regional issues.
U.S. stocks held steady after slower job growth eased Federal Reserve rate hike pressure, while global chip stocks fell due to AI supply concerns. Oil prices dipped to pre-Iran war levels as peace talks progressed, impacting various international markets.
Oil prices fell Thursday as investors weighed progress in U.S.-Iran indirect talks, easing concerns over Middle East supply disruptions. Brent crude futures dipped 1.4% to $70.47, and WTI futures were down 1.5% at $67.54.
Indirect talks between Tehran and Washington in Doha ended in a stalemate, with focus on settled issues. Meanwhile, Gaza marked 1,000 days of war amid ongoing conflict and uncertainty. Iran is preparing for a massive state funeral for Supreme Leader Ali Khamenei, killed in US-Israel strikes.
Oil prices fell Wednesday as U.S. and Iran concluded talks in Qatar. WTI futures dropped 1.15% to $67.79 and Brent crude fell 0.85% to $70.96, driven by investor optimism that easing tensions could reduce supply disruption risks.
Mediators from Qatar and Pakistan held separate meetings with US and Iranian negotiators in Doha, reporting positive progress on the Islamabad Memorandum of Understanding. The parties agreed to continue discussions, with the next meeting to be scheduled after the funeral of the former Iranian Supreme Leader.
US President Donald Trump praised indirect talks between the US and Iran in Qatar, aimed at de-escalating tensions and advancing negotiations following recent exchanges of fire. Iran, however, denied plans for direct talks, emphasizing a focus on implementing a memorandum of understanding brokered by Qatar and Pakistan.
Oil prices fell Wednesday as President Trump indicated positive progress in U.S. talks with Iran in Qatar. Brent crude futures dropped 1.1% to $72.12, and WTI futures fell 0.66% to $69.04. Jared Kushner and Steve Witkoff are in Doha for indirect talks.
US envoy Steve Witkoff and Jared Kushner met Qatari PM Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani in Doha. The meeting occurs as attempts are made to restart direct talks between Tehran and Washington, following a 60-day ceasefire extension and a memorandum of understanding.
Top US envoys Steve Witkoff and Jared Kushner met Qatari mediators in Doha regarding Iran negotiations. Both Qatar and Iran confirmed no direct or high-level meetings between US and Iranian officials would occur, contradicting earlier US President Donald Trump's claims. Discussions will focus on implementing a memorandum of understanding, including the release of Iran's frozen assets.
Oil prices, Brent and WTI, saw significant monthly declines in June, dropping over 20%, as traders monitored potential US-Iran talks in Qatar. The mixed messages regarding these talks underscore the fragility of an interim peace deal reached earlier this month, which paused fighting impacting global oil flows through the Strait of Hormuz.
Oil prices fell Tuesday, with Brent crude down 21% and WTI down over 20% in June. Markets are monitoring potential U.S.-Iran talks in Qatar, though mixed signals from both sides and the fragility of a recent interim deal create uncertainty.
US Middle East envoy Steve Witkoff and senior adviser Jared Kushner arrived in Doha to meet Qatari mediators for talks on regional issues, including negotiations with Iran. Iran also announced delegations to Qatar this week, focusing on frozen assets and sanctions relief, amid heightened tensions in the Strait of Hormuz.
US envoys Steve Witkoff and Jared Kushner are in Doha for discussions with mediators regarding US-Iran negotiations, but no direct meetings with Iranian officials are scheduled. Talks cover regional issues and the Strait of Hormuz, following recent exchanges of strikes despite a preliminary MoU.
President Trump announced that talks with Iran would resume Tuesday in Qatar, despite recent attacks in the Gulf. While Trump stated Iran requested the meeting, Iran's deputy foreign minister indicated technical talks are not yet planned, creating uncertainty around the diplomatic efforts.
Iran's foreign ministry spokesperson Esmaeil Baghaei rejected Donald Trump's claim of imminent US-Iran talks in Doha, stating no negotiations are scheduled. An Iranian expert delegation will visit Doha to follow up on a MoU regarding frozen assets, not for new talks, despite recent military de-escalation.
The Strait of Hormuz is experiencing increased oil and LNG shipments from Qatar and other Gulf nations for the first time since the war began. This follows improved regional activity and progress in US-Iran talks, easing tensions. Deals with Taiwan and India mark the first Qatari crude sales to Asia since the conflict.
CEOs of Boeing, Lockheed Martin, and Honeywell met President Trump at the White House to discuss ramping up weapons production. This push follows U.S. military operations in Iran and aims to replenish stockpiles, reassure allies, and address supply chain constraints.
