Saudi Arabia has intensified direct line to Iran to defuse war, Bloomberg reports, citing sources
Saudi Arabia's intensified diplomatic efforts to engage Iran signal a potential easing of escalating tensions, which could stabilize the region and impact global energy markets.
US President Trump says "Unconditional surrender" is when Iran "can't fight any longer", Axios reports from an interview with Trump
CRUDE WRAP: WTI SETTLES USD 9.89 HIGHER AT 90.90/BBL; BRENT (K6) SETTLES USD 7.28 HIGHER AT 92.69/BBL
Saudi Arabia has intensified direct line to Iran to defuse war, Bloomberg reports, citing sources
Venezuela resumes exports of diluted crude oil after 15-month pause, according to a shipping document
A coalition of states is preparing to challenge Nexstar Media Group's (NXST) USD 6.2bln acquisition of Tegna (TGNA) on antitrust grounds, WSJ reports
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- In recent days, Saudi officials have deployed their diplomatic backchannel to Iran with greater urgency to de-escalate tensions and prevent the conflict from worsening.
- Several European and Middle Eastern nations are backing these efforts.
If successful, this initiative may alleviate concerns over supply disruptions, likely leading to a downward pressure on oil prices. Traders should monitor the situation closely for shifts in sentiment and specific asset movements, particularly in WTI and related commodities.
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