According to CoinMeta, oil prices rebounded after Trump ruled out the restoration of the Iran ceasefire terms, with both Brent crude and West Texas Intermediate crude ending three consecutive days of decline. Traders reduced their bets on an impending diplomatic breakthrough, as the market expects that traffic through the Strait of Hormuz to remain restricted. Brent crude prices rose by about 2%, approaching $90 per barrel, while WTI rose by about 1.5%, approaching $84. Despite the Qatar Prime Minister's visit to Tehran to restart negotiations, market reactions indicate that participants are cautious about the short-term prospects for reaching an agreement.