Oil ticks higher as Iran’s refusal to meet US envoys dims ceasefire hopes
Key takeaways
- Add ARY News on Google AAResize Oil prices rose in early trade on Wednesday as investors responded to news that Iran will not be meeting with U.S.
- Brent futures rose 50 cents or 0.69% to $73.45 a barrel at 1208 GMT, while U.S. West Texas Intermediate (WTI) crude climbed 63 cents, or 0.91%, to $70.13 a barrel.
- Qatar said Prime Minister Sheikh Mohammed bin Abdulrahman al-Thani was among those to Witkoff and Kushner.
Why this matters: local context for readers following news across Pakistan and the region.
Add ARY News on Google AAResize Oil prices rose in early trade on Wednesday as investors responded to news that Iran will not be meeting with U.S. envoys, a further strain on the interim ceasefire agreed between the two in the four-month-long war.
Brent futures rose 50 cents or 0.69% to $73.45 a barrel at 1208 GMT, while U.S. West Texas Intermediate (WTI) crude climbed 63 cents, or 0.91%, to $70.13 a barrel.
U.S. President Donald Trump’s son-in-law Jared Kushner and envoy Steve Witkoff arrived in Doha for what the White House described as “high level” talks on Tuesday, but Iran and host Qatar said they would meet with mediators, rather than the Iranians themselves.