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Oil prices wobble as breakdown in U.S.-Iran talks casts doubt over peace process
Published Wed, Jul 1 2026 4:34 AM EDT
Oil prices were lower after Iran said it would not meet with U.S. delegates for talks in Qatar.
Brent crude futures dropped roughly 21% in June, notching its largest monthly decline since March 2020.
The U.S. and Iran struck a 14-point memorandum of understanding on June 17 to pause fighting that had disrupted global oil flows through the Strait of Hormuz.
#squarecreator #Squar2earn #oil. #US–Iran