Oil prices rise as Iran rejects U.S. talks
after close1 source ↓written by the desknot a recommendation
- rising
- 0.3%
- per barrel
- $73.2
- $69.7
Crude oil prices increased on 1 July 2026, with Brent crude rising 0.3% to $73.2 per barrel and WTI crude also gaining 0.3% to $69.7. This uptick follows Iran's decision to avoid direct talks with U.S. envoys, raising concerns over Middle East oil supplies amid ongoing geopolitical tensions.
The refusal for direct negotiations has renewed fears about the stability of the interim ceasefire, potentially impacting future oil supply dynamics.
Not investment advice. For informational purposes only.