Iran Refuses to Meet U.S. Envoys, Dimming Doha Ceasefire Hopes; Oil Ticks Up
- Tehran declined to meet U.S. envoys in Doha, undercutting the tentative path to a ceasefire that had stabilized gold and oil earlier in the week (https://www.reuters.com/business/energy/oil-ticks-higher-irans-refusal-meet-us-envoys-dims-ceasefire-hopes-2026-07-01/).
- Brent ticked higher on the headlines, reversing some of the relief rally that had powered gold's steadiness around the Doha talks.
- The development complicates the inflation outlook ahead of Fed Chair Warsh's Sintra speech and raises the risk premium for any July rate-path repricing.