A senior American official says talks between the US and Iran are continuing even now and there is progress in trying to reach an agreement, Axios reports

This development indicates a potential thaw in US-Iran relations, which could impact energy markets significantly, particularly oil prices if an agreement surfaces. Continued talks suggest the possibility of easing sanctions, possibly leading to increased Iranian oil supply, thereby affecting global supply dynamics. Traders should watch for shifts in WTI pricing and reactions from other geopolitical actors involved in the region.