Snapshot: WTI Crude is trading at $94.40, down 2.30% on the day, driven by renewed hopes of US-Iran talks potentially easing supply constraints. The DXY is slightly weaker at 98.36, but that’s not enough to offset the geopolitical premium unwind.
- Watch $92.68, the daily low; breach opens a retest of $90.
- Trump speaks at 17:00 London – rhetoric could easily reignite supply concerns.
Bias into NY: Cautiously bearish. A break below $94.00 accelerates toward $93.00; any hawkish rhetoric from Trump at 17:00 could easily reverse this move.