Talks between the US and Iran in Geneva this morning were both indirect and direct, Axios reports, citing sources

The ongoing US-Iran talks signal a potentially shifting dynamic in geopolitical relations that could impact energy markets, particularly crude oil. Depending on whether progress is made or tensions escalate, we might see volatility in WTI prices, influencing broader commodities and risk sentiment. Keep an eye on related assets, as any breakthroughs could lead to significant shifts in supply outlooks.