U.S. – Iran Negotiation Developments: Oil prices fell sharply after U.S. President Donald Trump announced a delay in planned airstrikes on Iran in order to prioritize diplomatic negotiations. U.S. Secretary of State Marco Rubio stated that there are “encouraging signs” of a potential agreement, with Pakistan acting as a mediator. Stalemate at the Strait of Hormuz: Despite signals of de-escalation, the two sides remain deeply divided over Iran’s uranium stockpiles and proposed transit tariffs through the Strait of Hormuz. The route is still effectively blocked, removing around 14 million barrels of oil per day from global supply, putting significant pressure on the market. #IranDealOilCrashBTCRip $CL