Iranian Foreign Minister held phone call with Saudi Arabia counterpart; discussed bilateral relations and regional developments; additional news will be announced later

The phone call between the Iranian and Saudi Foreign Ministers indicates potential thawing in relations, which could influence regional stability. If developments lead to cooperation, this could impact energy markets, particularly WTI crude prices, as improved relations generally ease supply-side tensions in the region. Keep an eye out for additional announcements that could signal further diplomatic progress or shifts in policy.