West Texas Intermediate & Kazem Gharibabadi

West Texas Intermediate: West Texas Intermediate crude prices fell significantly after the US and Iran signed an interim agreement, signaling increased oil supply and easing concerns about the Strait of Hormuz closure.

Kazem Gharibabadi: Kazem Gharibabadi, Iran's Deputy Foreign Minister, stated that final talks would only begin after the US fulfills key commitments under the framework, including ending the naval blockade, military operations, and releasing Iran's blocked funds.

West Texas Intermediate: West Texas Intermediate prices have been affected by the Strait of Hormuz disruption and the US-Iran conflict, showing market volatility in response to geopolitical events.

Kazem Gharibabadi: As a senior negotiator for Iran, Kazem Gharibabadi denied that any talks had been scheduled, contradicting statements from Donald Trump and Pakistan.