🛢️ OIL WATCH: Crude Pulls Back as U.S.–Iran Dialogue Progresses 🤝🌍
Oil prices edged lower after signs of indirect talks between Washington and Tehran helped calm fears of immediate Middle East escalation.
🔹 Market Sentiment: Traders are dialing down the geopolitical risk premium as diplomatic signals improve.
🔹 Price Reaction: Both Brent and WTI softened following reports of progress in discussions.
🔹 Why It Counts: Easing tensions typically reduce supply disruption concerns — and when risk premiums shrink, crude often follows. 📉🛢️
📰 Sources: Reuters, Anadolu Agency
