Tehran

Crude prices pulled back as renewed US efforts to restart talks with Tehran tempered fears tied to Gulf attacks. Still, tighter US inventories and firm export demand kept the decline contained, while natural gas remained capped by a weak forward curve.

Brent and WTI are easing as regional peace discussions reduce immediate concern over Middle East supply disruption. Technical traders are still watching $106 in WTI and $120 in Brent as levels that could reopen the path to higher crude prices.

AUD/USD moved lower as investors favored the U.S. dollar amid heightened Middle East tensions, rising oil prices, and stronger expectations for a Federal Reserve rate hike. Technical traders are watching whether support at 0.7110 and 0.7065 can hold after a channel break and death cross reinforced bearish momentum.