Iran's Foreign Spokesman says the details of a diplomatic process with the US is currently being reviewed with hopes that the framework for negotiations will be finalised in the coming day, via Abas Aslani on X

• Tasnim adds "...negotiations are likely to take place at the level of Iranian Foreign Minister Abbas Araqchi and US envoy Whitkoff". Talks could begin in the next few days. A push underway to make the talks occur.

Iran's Foreign Spokesman indicating progress in diplomatic talks with the US suggests a potentially significant shift in relations that could impact energy markets. If negotiations materialize, they may alleviate tensions and subsequently affect oil prices, particularly WTI, as the market reacts to possible supply increases or sanctions relief. Keep an eye on subsequent developments, as any concrete outcomes could lead to volatility in both commodities and broader market sentiment.