Pakistani sources told Al Arabiya that negotiations between the US and Iran are continuing despite the current stalemate. The decision to participate inside Iran has not yet been finalized.

Ongoing negotiations between the US and Iran, despite a stalemate, suggest a potential thaw in relations that could impact oil supply dynamics. If negotiations progress, it could ease sanctions on Iranian oil, putting downward pressure on WTI prices and altering energy market sentiment significantly. Traders should keep an eye on how this develops, as any breakthrough may influence commodity valuations and broader market risk sentiment.