US EIA Weekly Crude Production 13.573M (Prev. 13.586M)
The slight decrease in US EIA weekly crude production from the previous figure suggests a marginal contraction in supply, which could support prices if demand remains steady.
"Members of the Security Council see the US-Gulf draft resolution as similar to the one opposed by Russia and China", Al Jazeera reports citing diplomatic sources
Some members of the Gulf Cooperation Council do not view the draft on Hormuz as being particularly different from the document vetoed last week
US EIA Weekly Crude Production 13.573M (Prev. 13.586M)
No agreement has been formed between the US and Iran, Nournews reports citing sources. Narratives are part of a "media creation".
Iran's Foreign Ministry Spokesman says "The concept of “negotiations” requires, at the very least, a genuine attempt to engage in discussions with a view to resolving the dispute"
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While the drop is relatively small, it highlights ongoing concerns around supply stability, especially amid geopolitical tensions and could have implications for WTI and Brent pricing dynamics. Traders should watch for potential impacts on inventories and overall market sentiment in the context of broader energy trends.
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