White House sources say Trump remains open to dialogue with Iran, Iraq's Al Iraqiya reports

In past episodes of this kind the pattern has been a modest unwind of any geopolitical premium in crude, concentrated in the front of the oil curve and in freight and insurance pricing rather than in outright supply assumptions, since rhetoric alone has never moved physical barrels. The actors matter: sourcing attributed to the White House via an Iraqi state broadcaster is a channel that has historically been used to float de-escalation feelers, and such feelers have more often than not been followed by contradictory rhetoric within days, so the premium tends to re-enter unless a named interlocutor, venue, or agenda emerges. The distinction worth drawing is between dialogue-as-process, which caps the tail risk of supply disruption, and any actual sanctions or enforcement change, which is what would alter the supply balance. Worth watching is whether Iranian officials acknowledge the overture, whether it is repeated through a second channel, and how it sits against any concurrent military or sanctions headlines. As a single unattributed report, the signal is soft.