US-Iran relations
Oil climbs as fading US-Iran peace hopes raise supply risks
Brent and WTI crude futures extended gains for a third session as diplomatic efforts broke down and tanker traffic through the Strait of Hormuz remained heavily restricted.
Oil prices at near three-week high as US-Iran peace hopes fade
Brent crude reached $91.22 a barrel and WTI climbed to $85.31 as collapsing diplomatic talks and naval blockades permanently reprice Middle East shipping bottlenecks.
Iran denies Trump claim that new talks will begin on Monday
The Iranian Foreign Ministry has rejected assertions of an imminent diplomatic breakthrough with Washington, maintaining that no direct negotiations are taking place.
US and Iran hold technical talks in Doha as tensions rise over Hormuz Strait
US envoys and Iranian representatives are meeting in Qatar for indirect negotiations aimed at stabilizing the Strait of Hormuz amid ongoing volatility.
US envoys arrive in Qatar for indirect talks as Iran tensions persist
US delegates are meeting with Qatari intermediaries to discuss the Strait of Hormuz and frozen assets as regional hostilities threaten the ceasefire.
Strait of Hormuz ship traffic increases following US-Iran agreement
Maritime traffic through the Strait of Hormuz remains unstable as shipowners navigate ongoing military risks and diplomatic tensions following a June 2026 memorandum. The recovery remains fragile as global energy markets monitor fluctuating transit volumes and inspection mandates.