Qatar's Prime Minister met with Iranian officials to discuss de-escalating regional tensions, according to the Foreign Ministry. The meeting comes amid ongoing diplomatic efforts to reduce hostilities in the Middle East. Meanwhile, oil prices climbed as traders assessed the impact of stalled negotiations on global supply. Brent crude futures rose 1.32% to $89 a barrel, while West Texas Intermediate crude gained 0.63% to $82.75. Prices had fallen in the previous three sessions as investors remained cautious about potential supply increases. The U.S. Confirmed it was not currently in direct talks with Tehran, despite diplomatic efforts by other nations. The situation remains fluid, with market reactions closely tied to the progress of regional diplomacy.