Oil futures climbed as uncertainty surrounds potential Iran-U.S. talks, with WTI for June delivery rising 1.7% to $88.90 a barrel and Brent gaining 1.5% to $96.87. Markets remain unclear whether Iran will send a delegation to Pakistan for discussions with the United States, creating volatility in energy trading.

Phil Flynn of Price Futures Group characterized conflicting signals from Iran as not "random diplomatic theater," but rather evidence of internal divisions between pragmatic elements seeking de-escalation and hardliners "who thrive on chaos and confrontation." These tensions continue to influence market sentiment.

The geopolitical uncertainty means oil traders face ongoing volatility as Iran's internal politics play out. Market participants must navigate these complex diplomatic maneuvers while monitoring real-time developments that could shift supply expectations and pricing trajectories dramatically.