Qatar is acting as an intermediary between Washington and Tehran in indirect talks addressing Iran’s nuclear program and the security of the Strait of Hormuz, a key passage for global oil shipments. Brent crude fell roughly 3% to around $78 per barrel and WTI dropped about 2% to near $75 in late June, as markets began pricing in reduced geopolitical tension. The stated goal is a short-term agreement designed to prevent escalation rather than resolve the fundamental disputes between the two nations. Bitcoin climbed toward $65,800 amid a return of appetite for risk assets, as falling oil prices eased inflationary pressure and reduced the likelihood of aggressive central bank tightening. As of early July, no verified deal was in place, with both US and Iranian officials sending contradictory signals.
Source: Read the original article
