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.
CRUDE WRAP: WTI (K6) SETTLES USD 18.54 LOWER AT 94.31/BBL; BRENT (N6) SETTLES USD 14.52 LOWER AT 94.75/BBL
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Iranian Foreign Minister held phone call with Saudi Arabia counterpart; discussed bilateral relations and regional developments; additional news will be announced later
FOMC Minutes Review: Validates hawkish hold but shows debate over two-sided risks to rates in response to war
US and Iran aren't starting talks on the same page; still unclear whether negotiations set to start Saturday led by VP Vance will be based on the US 15-point plan or Iran's 10-point plan, via WSJ
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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.
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