Pakistani journalist Mallick posts "To my understanding, talks between US and Iran could take place early in the coming week"

The potential for US-Iran talks can signal a thaw in tensions, which might affect energy markets, particularly crude oil.

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US President Trump posts "THE STRAIT OF HORMUZ IS COMPLETELY OPEN AND READY FOR BUSINESS AND FULL PASSAGE, BUT THE NAVAL BLOCKADE WILL REMAIN IN FULL FORCE AND EFFECT AS IT PERTAINS TO IRAN"

US military blockade of Iran remains in effect, according to a US official cited by Reuters

Pakistani journalist Mallick posts "To my understanding, talks between US and Iran could take place early in the coming week"

US President Trump posts "IRAN HAS JUST ANNOUNCED THAT THE STRAIT OF IRAN IS FULLY OPEN AND READY FOR FULL PASSAGE. THANK YOU!"

ECB President Lagarde says the uncertainty surrounding the outlook for euro area inflation has increased significantly following the outbreak of the war in the Middle East

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If negotiations lead to a more stable environment, we could see downward pressure on WTI prices as supply concerns diminish. Traders should assess the likelihood of these talks influencing broader sentiment in commodities and related currencies.

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