Business · 2 July 2026

Oil prices fall after US-Iran talks in Doha

Lower oil prices could ease fuel cost pressure after crude values fell when indirect United States-Iran discussions finished in Doha. Qatar said the talks made positive progress and centred on the Strait of Hormuz, while traders also watched expected OPEC+ output increases. Brent traded at $70.84 a barrel, with US West Texas Intermediate at $67.75 after earlier declines.

By BriefTea Editorial · 2 July 2026 at 5:46

Reported by Reuters · How we write briefs

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