Head of Yemen's Saudi-backed presidential council says it will work on resuming oil exports starting Monday

The announcement by Yemen's Saudi-backed presidential council to resume oil exports starting Monday could signal a potential easing of supply constraints in the region. Given the current dynamics in oil markets, this development could exert downward pressure on WTI prices, especially if it leads to a significant increase in overall supply. Traders should monitor this closely for its impact on both regional stability and global energy markets.