Iran's Supreme Leader instructed negotiators to seek a truce, according to Axios

This development suggests a potential de-escalation of tensions, which could have significant implications for energy markets, particularly crude oil pricing. If negotiations lead to a cessation of hostilities or production disruptions, we might see increased stability in WTI prices, impacting both commodity and broader market sentiment. Traders should remain alert to how this evolves and the possible spillover effects on risk assets and energy supply dynamics.