The US and Iran stop mutual attacks and restart negotiations, narrowing the increase in international oil prices.

According to reports, the United States and Iran have agreed to stop attacking each other, and both sides will continue negotiations in the Qatari capital Doha on June 30 (Tuesday), focusing on the issue of the Strait of Hormuz. Earlier, a super tanker loaded with Qatari crude oil was attacked near the Strait of Hormuz, causing tensions to rise again between the two countries. As a result of this news, oil prices rose. Brent crude prices rose 1.9% to $73.39 per barrel at one point, before giving back some of the gains; WTI crude prices approached $70 per barrel. Over the weekend, the US and Iran attacked each other, with the US military launching strikes on multiple targets in Iran in response to Iran's attack on commercial ships near the Strait of Hormuz. The Iranian Islamic Revolutionary Guard Corps stated that they have responded decisively to recent US "aggression". However, according to the latest media reports, both sides have agreed to hold a meeting in Doha on Tuesday. The attacked super tanker, the "Kiku," was carrying about 2 million barrels of crude oil, and the last signal was sent near the port of Fujairah in the Gulf of Oman, with its navigation status showing as "out of control". It is currently unclear what impact this conflict has had on oil transportation through the Strait of Hormuz, as oil shipments through the strait had partially resumed after a temporary agreement between the US and Iran. Oil prices rose after the tanker attack. Haris Khurshid, Chief Investment Officer of Karobaar Capital LP, said: "The market is increasingly inclined to view these fluctuations as tactical rather than structural moves. Until fundamental factors change, traders are willing to short at highs and go long at lows." Although the number of vessels passing through the waterway has increased, and the US Central Command said on Saturday that commercial ships can still pass through the strait, some tankers have given up attempts to sail. Hundreds of ships remain stranded in the Persian Gulf, and ship owners may still exercise caution when crossing this critical chokepoint. During the tense weekend, a Saudi Aramco-operated helicopter crashed along the coast of the Persian Gulf, near the Saudi energy hub Ras Tanura, though officials have not disclosed the cause of the accident. It is currently unclear if this Sunday's helicopter crash has affected any energy facilities. Furthermore, Russian President Putin acknowledged that Russia is facing fuel supply issues, including long queues at gas stations. He confirmed that a complete ban on diesel exports is one of the measures being discussed to alleviate supply shortages. As of the time of writing, WTI crude oil futures for August delivery rose 0.64% to $69.67 per barrel; Brent crude oil futures for September delivery rose 0.43% to $72.91 per barrel.