Story perspectives
Qatar: Iran-U.S. Talks Progress, Brent Falls to $70.84 per Barrel
7/3/2026
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Story summary
- Qatar announced that Iran and the United States made positive progress in indirect talks, driving oil prices lower.
- Brent futures fell 73 cents to $70.84 a barrel by 0102 GMT.
- U.S. West Texas Intermediate crude dropped 83 cents to $67.75 a barrel.
- Negotiators met in Doha for two days to discuss Strait of Hormuz traffic and unfreezing Iranian funds.