World · 1 July 2026

Oil prices rise as Iran talks stall

Oil prices are up after Iran said it wouldn't meet directly with US envoys for peace talks in Qatar. This breakdown in negotiations raises concerns about oil supply, especially after recent attacks in the Gulf. Brent crude futures rose to $73.45 a barrel, while US West Texas Intermediate climbed to $70.13 a barrel.

By BriefTea Editorial · 1 July 2026 at 5:41

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