[MARKET UPDATE] Crude futures see downticks as US Treasury Secretary Bessent suggests US could do another SPR release to keep price down and that US may unsanction Iranian oil on water

The comments from US Treasury Secretary Bessent regarding a potential SPR release and the possibility of unsanctioning Iranian oil suggest a more interventionist approach to curbing rising crude prices. This could ease supply constraints in the short term, impacting both WTI and Brent prices, especially amid current geopolitical tensions. Traders should watch for market reactions as these developments may influence sentiment toward energy commodities and risk appetite more broadly.