Oil prices fell in early trade as diplomatic efforts in the Middle East signaled a potential easing of supply disruptions. ANZ Research analysts highlighted Pakistan’s Army Chief’s one‑day visit to Iran, noting local media described the trip as yielding valuable results. Separately, Iran and Oman discussed resuming navigation through the Strait of Hormuz, proposing a temporary joint maritime corridor and a collaborative mine‑clearance project.

Front‑month WTI crude futures were down 1.6% at $81.02 per barrel. ([email protected]).