{"id":62957,"date":"2026-06-10T15:08:13","date_gmt":"2026-06-10T19:08:13","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/oil-prices-surge-as-middle-east-tensions-flare-following-stalled-doha-talks\/62957\/"},"modified":"2026-06-10T15:08:13","modified_gmt":"2026-06-10T19:08:13","slug":"oil-prices-surge-as-middle-east-tensions-flare-following-stalled-doha-talks","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/oil-prices-surge-as-middle-east-tensions-flare-following-stalled-doha-talks\/62957\/","title":{"rendered":"Oil Prices Surge as Middle East Tensions Flare Following Stalled Doha Talks"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Brent crude settled up 1.80% at $93.10\/bbl<\/strong>, while <strong>US WTI crude gained 2.07% to settle at $90.03\/bbl<\/strong>, driven by heightening geopolitical risks.<\/li>\n<li><strong>Iran refused a direct trilateral meeting<\/strong> with the U.S. and Qatari mediators in Doha, opting instead for parallel discussions that have stalled.<\/li>\n<li><strong>President Trump reportedly &quot;boiled over&quot;<\/strong> after Tehran delayed responding to a U.S. peace proposal for nearly two weeks, leading to &quot;surgical&quot; U.S. military strikes on Iranian infrastructure.<\/li>\n<li><strong>Supply chain concerns are mounting<\/strong> as the Strait of Hormuz remains a focal point for potential disruptions, keeping the oil futures curve in significant backwardation.<\/li>\n<\/ul>\n<p><a href=\"https:\/\/stockmarketwatch.com\/energy\/crude-oil\" data-internallinksmanager029f6b8e52c=\"12\" title=\"Crude oil\">Oil prices<\/a> surged on Wednesday as diplomatic efforts to de-escalate tensions between the United States and Iran hit a significant roadblock in Doha. <strong>Brent Crude<\/strong> (<a href=\"\/stock\/BNO\">BNO<\/a>) futures rose by <strong>$1.65 to settle at $93.10 per barrel<\/strong>, while <strong>West Texas Intermediate (WTI)<\/strong> (<a href=\"\/stock\/USO\">USO<\/a>) climbed <strong>$1.83 to close at $90.03 per barrel<\/strong>. The price action reflects growing market anxiety that a recent ceasefire may be collapsing following a series of military exchanges and stalled negotiations.<\/p>\n<p>The diplomatic impasse became public after reports surfaced that Iranian officials refused to participate in a trilateral meeting in Doha alongside U.S. and Qatari mediators. While Qatari officials attempted to arrange direct negotiations to bridge remaining gaps in a proposed peace framework, the Iranians insisted on parallel talks, effectively preventing a face-to-face breakthrough. <em>Market analysts suggest this refusal signals a hardening of Tehran&#39;s position despite intense regional pressure.<\/em><\/p>\n<p>Compounding the tension, <strong>President Donald Trump<\/strong> reportedly ordered &quot;proportionate and surgical&quot; strikes on Iranian military facilities late Tuesday. According to sources cited by <em>Axios<\/em>, the strikes were a response to the downing of a U.S. helicopter and were intended to create leverage after Iran &quot;kept the U.S. waiting&quot; for a response to a memorandum of understanding (MOU) for nearly 14 days. The White House had reportedly reached out to Iranian negotiators hours before the strikes but received no response.<\/p>\n<p>The volatility in energy markets is being exacerbated by the ongoing closure of the <strong>Strait of Hormuz<\/strong>, a vital artery for global oil transit. Investors are closely monitoring the &quot;backwardation&quot; in the futures curve, where immediate delivery prices are significantly higher than future contracts, indicating a market braced for near-term supply shortages. <em>As diplomatic channels remain strained, the risk of a renewed &quot;tanker war&quot; or further infrastructure strikes continues to provide a firm floor for crude prices.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Brent crude settled up 1.80% at $93.10\/bbl, while US WTI crude gained 2.07% to settle at $90.03\/bbl, driven 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