The key facts

  • Brent fell 1.5% to $103.20, WTI fell 0.7% to $95.83; the day before both benchmarks lost more than 7%
  • Trump said a deal is possible, and Iranian President Pezeshkian said supreme leader Mojtaba Khamenei authorized dialogue
  • Qatar is seeking an interim agreement but acknowledges there is no breakthrough; Tehran rejects 'coercive diplomacy'

Second day of decline after the plunge

World oil prices are falling for a second session in a row: on Tuesday, by 17:00 GMT, Brent futures fell $1.59 (1.5%) to $103.20 per barrel, while American WTI lost 63 cents (0.7%), dropping to $95.83 after briefly falling below $95. This was reported by Anadolu. The day before, both benchmarks fell more than 7% after Washington and Tehran signaled their readiness for talks — easing concerns about disruptions to global energy supplies amid the eight-month conflict.

Signals of readiness for dialogue

US President Donald Trump told reporters that a deal with Iran is possible. Iranian President Masoud Pezeshkian, for his part, said that supreme leader Mojtaba Khamenei had authorized his government to engage in dialogue.

Qatar as mediator and remaining disagreements

Qatar is seeking an interim agreement that would help build trust between Washington and Tehran and pave the way for talks on a final settlement, Qatari Foreign Ministry spokesman Majed Al-Ansari said at a briefing in Doha on Tuesday. According to him, the Qatari delegation returned from Tehran on Monday evening after more than three hours of talks with Iranian officials, and both sides are studying the mediators' proposals. At the same time, Al-Ansari acknowledged that disagreements between the parties persist and that there is no diplomatic breakthrough to announce yet.

Military actions continue to affect the market

The Iranian Foreign Ministry, through its spokesman Esmaeil Baghaei, stressed on Tuesday that Tehran will reject diplomacy based on coercion or blackmail — as reported by the state news agency IRNA. The market also reacted throughout the day to military news: after reports of a strike by American forces on the Iranian island of Qeshm in the Strait of Hormuz on Monday, Brent briefly rose above $107 per barrel before turning lower.