Pakistan Army Chief is to visit Tehran to narrow the gaps between the US and Iran, Reuters reports citing a senior Iranian source
The news of the Pakistan Army Chief visiting Tehran signifies a potential diplomatic effort to ease tensions between the US and Iran.
US Energy Secretary Wright says sanctions waiver on Russian oil is unlikely to be extended; additional oil reserve releases are not necessary
EIA Expectations: Crude -0.5M, Distillate -2.78M, Gasoline -2.02M
Pakistan Army Chief is to visit Tehran to narrow the gaps between the US and Iran, Reuters reports citing a senior Iranian source
Bank of America (BAC) Master Trust Net charge offs 2.40% (prev. 2.24% M/M), total delinquencies 1.38% (prev. 1.43% M/M)
Israeli Security Council to discuss possible Lebanon ceasefire at 8pm local (18:00 BST), according to an Israeli official
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This could influence regional stability, notably affecting energy markets, as any thaw in relations may lead to shifts in oil supply dynamics and overall market sentiment towards commodities like WTI. Traders should consider how this development impacts risk appetite and addresses broader geopolitical concerns.
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