U.S. Envoys Arrive in Qatar as Iran Declines Direct Talks

U.S. envoys arrived in Qatar to meet mediators and discuss negotiations with Iran, though Iranian officials said no direct talks are scheduled. Qatar's foreign ministry spokesperson confirmed the U.S. representatives would meet Qatari officials but stated there would be no meeting with Iran. The ministry also said Qatar has not transferred $6 billion in frozen Iranian funds.

Iran's top negotiator said current meetings aim to verify commitments under the 14-point memorandum of understanding. The document includes reopening the Strait of Hormuz for 60 days and ending U.S. sanctions on Iran. Iranian officials warned that safe passage through the strait was agreed only for that 60-day period.

Both countries traded attacks in the Gulf in recent days, each accusing the other of violating the interim deal signed less than two weeks ago.

Brent crude futures rose 50 cents to $73.45 a barrel in early trading. West Texas Intermediate crude climbed 63 cents to $70.13 a barrel. Traders cited the stalled talks and renewed tensions as factors supporting prices after sharp quarterly declines earlier in the year.

Korea's oceans ministry said the cargo vessel Namu would exit the Strait of Hormuz in mid-July at the earliest after repairs to damage from a May attack. Officials said the hull was struck near the stern, possibly by an Iranian anti-ship missile, though responsibility could not be conclusively determined.

Two vessels remain in the strait with 35 crew members aboard. Twenty-one South Korean-operated vessels have passed safely through the strait since the ceasefire was signed. U.S. officials have discussed additional military options while continuing diplomatic efforts, according to a Wall Street Journal report.