Iran official Sheikh al-Kaabi told Al-Mayadeen: We have not given up on diplomacy and we have a long-term perspective in this area, but our hand is on the trigger

The statement from Sheikh al-Kaabi emphasizes Iran's willingness to engage in diplomacy while simultaneously maintaining a readiness for military action. This duality may heighten tensions in the region, potentially impacting oil prices as markets react to any perceived escalation or shift in Iran's approach to its nuclear negotiations. Traders should monitor WTI and broader energy market movements closely as geopolitical factors continue to play a significant role in price dynamics.