Trump, Iran issue mixed messages on talks in Qatar
People walk along the Corniche in Doha, Qatar, on June 29, 2026. According to media reports, US and Iranian negotiators are scheduled to hold high-level talks in Doha.
Nurfoto | Nurfoto | Getty Images
Oil prices rose slightly on Tuesday as energy market participants closely watched the potential for new talks between the United States and Iran in Qatar.
International comparison Brent crude oil Futures for August delivery were last seen rising 0.2% at $73.32 per barrel, erasing previous losses. However, the contract is heading into late June down about $19, or 20%, from the closing session on May 29. September deliveryMeanwhile, it traded up 0.5% at $74.29.
WE West Texas Intermediate Futures for August delivery rose 0.5% to $71.08, putting the contract on track to decline $16, or 19%, from last month’s close.
The moves come as oil traders monitor the possibility of US-Iran talks in Doha on Tuesday.
US President Donald Trump said on Monday that talks between the two countries will be held in the capital of Qatar on Tuesday. social media It was stated that Tehran “requested a meeting” after the mutual strikes that took place over the weekend.
Iranian Foreign Ministry spokesman on Monday reportedly It was denied that meetings were planned in the coming days. They added that the visit of an Iranian technical delegation to Qatar this week was not related to the visit of US officials to the country.
The mixed messages appear to underscore the fragility of the interim peace deal the United States and Iran signed earlier this month.
The two countries signed a 14-article memorandum of understanding on June 17 to stop conflicts that have seriously disrupted the global oil flow in the strategically vital Strait of Hormuz.
The Strait of Hormuz, located in the gulf between Oman and Iran, is considered one of the most critical energy transit points in the world. The narrow waterway typically handles about 20% of the world’s oil traffic.
‘The situation can change very quickly’
energy analysts, surprised Judging by the pace of sales in the oil market, it was noted that it was much more aggressive than most people expected.
“Price action in recent weeks is a reflection of a market that sees this temporary ceasefire between the US and Iran as a permanent agreement. This is clearly not the case, and as we have seen over the last four months, the situation can change very quickly,” ING strategists wrote in a research note published Monday. he said.
“It took long enough to agree on a temporary ceasefire. It would be very optimistic to reach a permanent agreement that would resolve the nuclear issue within 60 days. Of course, there is always the potential for the ceasefire to be extended, which would effectively finish the job.”
