"This May Be Iran's First Misstep - And Proof Leverage Isn't Total"

The decline in Brent and WTI futures signals a shift in market sentiment as signs of de-escalation in the US-Iran conflict continue to grow. This includes a U.S. waiver permitting limited crude and fuel sales from Iran, alongside Tehran's announcement of the release of $12 billion in frozen funds as part of negotiations. This progress indicates that both sides are moving towards a resolution, potentially reducing the war premium in oil prices. The developments suggest that Iran's leverage in the conflict may not be as total as previously thought, highlighting a shift in the geopolitical dynamics.