Oil prices showed gains in the international market on Tuesday morning.

At 9:31 am (Brasilia time) this Tuesday (30), the August contract of WTI crude oil showed a moderate increase of 0.73% in New York Mercantile Exchange (Nymex), quoted at US$71.27/barrel. The September contract for Brent It was advancing 0.83% in Intercontinental Exchange (ICE), traded at US$74.52/barrel. On the other hand, assets are heading towards closing the month of June with a devaluation of over 16%. On the previous day (29), the WTI It rose 2.20%, to US$70.75/barrel, and the Brent Oil prices rose 1.80% to US$73.91/barrel this morning, supported by uncertainties surrounding peace negotiations between the United States and Iran. According to a spokesperson for the Qatari Ministry of Foreign Affairs, the top US envoys who arrived in Doha will not participate in a high-level meeting with Iranian representatives. According to Majed Al Ansari, only technical meetings focused on regional security issues will be held this week. Discussions may later be elevated to a political level. This uncertainty reinforced the perception of fragility in the agreement signed on June 17th to halt the fighting between the two countries. The market remains attentive to the risk of further disruptions in the flow of oil through the Strait of Hormuz, a strategic route for global oil trade. In addition to the impact on the global oil supply, the progress of the negotiations is also being closely monitored by the US government, given the geopolitical and economic repercussions of the conflict in a year marked by the November legislative elections in the US.

This text was translated by machine from Brazilian Portuguese.