Iran's Foreign Minister Araghchi posts on X that discussions in Oman included focusing on ways to ensure the safe transit through Hormuz and that neighbours are the priority

The remarks from Iran's Foreign Minister suggest a potential shift towards prioritizing regional stability, specifically regarding the critical Strait of Hormuz. This could signal a de-escalation in tensions, which is significant for energy markets like WTI, as the Strait is a vital transit route for oil. How this impacts sentiment may hinge on further developments, but traders should watch for both immediate reactions and longer-term implications for oil supply dynamics.