By 07:58 GMT on 2 July, Brent had fallen by 0.92% to $70.91/bbl, while WTI had dropped by 0.86% to $67.99/bbl.

The visit by Steve Witkoff, President Trump's special Mideast envoy, and Jared Kushner, his son-in-law, comes after a weekend of crossfire in the Persian Gulf over efforts to reopen the Strait of Hormuz to shipping traffic.

Iranian negotiators have left Doha as the Islamic Republic pauses diplomacy ahead of a multi-day funeral for Supreme Leader Ayatollah Ali Khamenei.

Doha ― Top U.S. envoys were due to arrive in Qatar on Tuesday, but uncertainty over the timing and content of any diplomatic talks raised questions over efforts to bring a lasting halt to the Iran war and fully reopen the Strait of Hormuz.

Qatar appears to be sending a liquefied natural gas tanker through the Strait of Hormuz, the first visible passage in about a week, as the major exporter eyes a rapid restart to output.

An explosion that tore through Qatar’s Ras Laffan industrial area has hurt at least 54 people and left 18 others missing.

The carrier will now have up to six daily flights to Australia. Find out more here!

Qatar said Jared Kushner and Steve Witkoff had arrived in Doha as part of ongoing peace negotiations between the US and Iran and as the countries try to calm tensions over the Strait of Hormuz.