WSJ's Norman says "There is no way Iran and the US are going to resolve the issues around Hormuz, nuclear, missiles etc in the next 2 weeks. But it doesn't need to happen. What needs to happen is enough to trigger mutually agreed extension of talks"

The latest comments from WSJ's Norman indicate that significant geopolitical tensions between Iran and the US are unlikely to see resolution in the near term, particularly concerning critical issues like Hormuz shipping routes and nuclear capabilities.

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CRUDE WRAP: WTI (M6) SETTLES USD 0.35 LOWER AT 89.58/BBL; BRENT (M6) SETTLES USD 0.72 LOWER AT USD 95.20/BBL

Israeli and Lebanese ambassadors were scheduled to speak by phone on Friday in the presence of US officials, NYT reports, citing sources

WSJ's Norman says "There is no way Iran and the US are going to resolve the issues around Hormuz, nuclear, missiles etc in the next 2 weeks. But it doesn't need to happen. What needs to happen is enough to trigger mutually agreed extension of talks"

The army is preparing for the possibility of the collapse of talks between Washington and Tehran and the resumption of attacks, according to Al Jazeera citing Israeli Broadcasting Authority

US President Trump plans to request USD 98bln in supplemental funds for Iran war and more, Politico reports

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This sentiment suggests that while immediate conflict may not be on the horizon, prolonged negotiations could create uncertainty in energy markets, particularly affecting WTI prices and broader commodity sentiment.

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