"Reports in Iran that the Omani foreign minister, who is in Geneva, conveyed to the American side the Iranian proposal for an agreement.", according to journalist Kais

The update about the Omani foreign minister conveying Iran's proposal to the U.S. suggests a potential thaw in diplomatic relations, which could have implications for energy markets. If discussions progress favorably, we could see a stabilizing effect on WTI prices, as the prospect of easing sanctions on Iranian oil supply becomes more tangible. Traders should watch for market reactions that may indicate shifts in sentiment around geopolitical risks in the region.