Global oil prices were little changed on Tuesday but remained on course for their steepest monthly decline in months as traders assessed conflicting signals over possible U.S.-Iran talks in Qatar, reported by CNBC.
According to the report, U.S. envoys Jared Kushner and Steve Witkoff arrived in Qatar to meet mediators rather than Iranian representatives.
Brent crude was trading near $73 a barrel, while U.S. West Texas Intermediate hovered around $70. Both benchmarks are set to finish June about 19% to 20% below last month's closing levels.
The report said markets remain focused on the fragile U.S.-Iran ceasefire agreement signed earlier this month, which helped reopen shipping through the Strait of Hormuz. Analysts warned that investors may be underestimating the risk of renewed tensions disrupting global energy supplies.
Related Tweet:
BREAKING: High-level talks are set to begin in Qatar TODAY as U.S. officials push forward negotiations on a memorandum of understanding with Iran. The Iranian officials insist there will be no direct talks with the U.S. in Doha, though an Iranian delegation will participate in… pic.twitter.com/ndjkEGzpzX
— SANTINO (@TheRealSantino) June 30, 2026
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