EU’s Costa says it is too early to talk about relieving any kind of Iran sanctions

The comments from EU's Costa indicate a cautious approach towards relaxing Iran sanctions, which could signal ongoing geopolitical tensions. This stance may sustain current volatility in energy markets, particularly oil prices, as it implies that further supply from Iran remains constrained. Traders should consider the potential impact on WTI and other commodities in light of the prevailing sentiment around sanctions and Middle Eastern geopolitics.