WS #9983
No material new developments in the last 30 minutes. The dominant narrative remains the US-Iran peace deal framework de-escalating and pressuring oil prices lower, with no new counter-signals or contradictory MAG7-specific signals. The window is dominated by noise.
Key developments
- Oil holds near three-month low as Iran deal seen boosting supply
- API reports larger-than-expected crude draw of 8.33M barrels
- Ukraine drone attacks on Moscow refinery and Krasnodar oil base continue