Next round of talks between US and Iran could take place this week or early next week, according to the Iranian embassy official in Pakistan

The potential for renewed talks between the US and Iran could signal a shift in diplomatic relations, particularly concerning Iran's oil exports and broader regional stability. If these discussions lead to any easing of sanctions, we could see considerable implications for crude oil prices, notably WTI, as well as shifts in risk sentiment across commodities. Traders should monitor how this situation develops, especially during the EU session, for near-term price responses.