A senior analyst with knowledge of the ongoing ceasefire talks says that discussions between the US and Iran were making quiet but swift progress

The developments regarding the US-Iran ceasefire talks suggest a potential easing of tensions, which can have significant implications for energy markets, particularly crude oil prices. If these discussions continue to progress, it could lead to a stabilization in supply dynamics and impact sentiment around WTI and broader commodities. Traders should watch for how this evolves, as a resolution could shift risk perceptions and alter trading ranges in energy.