
AI-generated summary
The Strait of Hormuz is an important oil transportation channel in the world, and about one-fifth of the world's oil is transported through this channel. Iran has repeatedly threatened to block the strait to pressure the United States and its allies. Recent tensions stem from the Iranian nuclear issue, U.S. sanctions and regional proxy conflicts. Qatar has historically played a mediating role in Middle East disputes, and its relations with the United States and Iran make it well-positioned to mediate.
International oil prices closed slightly higher on Monday (28th). (AP)
[Financial Channel/Comprehensive Report] International oil prices closed slightly higher on Monday (28th), with the market worried about continued supply disruptions; Qatari mediators promised to hold talks with the United States and Iran in the hope of reaching a peace agreement to reopen the Strait of Hormuz.
Oil prices rose by more than $4 a barrel in early trading after U.S. President Trump rejected Iran's proposal to reopen the Strait of Hormuz. Subsequently, the market expected that Qatari mediators would hold talks with both parties, and the increase in oil prices converged.
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Brent crude oil futures rose 96 cents, or 0.9%, to close at $105.28 a barrel.
U.S. West Texas Intermediate (WTI) crude oil in New York rose 19 cents, or 0.2%, to close at $92.60 a barrel.
An official familiar with the negotiations, who spoke on condition of anonymity, told Reuters that Qatari mediators expected to hold separate talks with Iranian Foreign Minister Abbas Araqchi in New York on Monday and hold talks with the United States on Monday or Tuesday.
The official said the talks were expected to focus on a revised version of the seven-day proposal Iran proposed on the sidelines of the United Nations General Assembly last week.
Iran insisted over the weekend that only diplomacy could resolve its conflicts with the United States and Israel after Trump rejected an Iranian proposal to reopen the Strait of Hormuz and end hostilities.
However, Trump still leaves room for diplomatic negotiations. He told Axios in a phone interview on Sunday that he expected U.S. negotiators to hold more talks this week.
Saudi Foreign Minister Prince Faisal bin Farhan arrived in Washington on Monday to hold talks with U.S. Secretary of State Marco Rubio, the state-run Saudi Press Agency reported, amid rising hostilities between Riyadh and the Iranian-backed Houthis rebels in Yemen.
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AI outlook — possibilities, not facts
Qatari mediators to hold talks with US on Monday or Tuesday
Likely · Within days
The talks will focus on a revised version of Iran's seven-day proposal on the sidelines of the UN General Assembly
Likely · Within days

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