Good news came in the early hours: WTI dipped further, briefly breaking below $89. From the literal meaning of the news, it seems the negotiations are going relatively smoothly. Plus, there’s talk of arranging another round of talks soon. This suggests there’s still room for compromise; otherwise, things would’ve already fallen apart. Meanwhile, Iran has also laid out its conditions: reopening the Strait of Hormuz would require the immediate lifting of the maritime blockade, the release of frozen Iranian assets, and an end to all wars on the 'resistance' frontlines. Now it depends on the U.S. stance. With the East Asian delegation visiting the U.S. tonight, let’s see how the U.S.-Iran geopolitical talks unfold. If there’s back-and-forth, oil prices might rebound above $90, and risk markets could come under pressure. If the talks go well and tensions ease, with negotiations pointing toward free passage through the strait, oil prices will naturally continue to fall, and risk markets will likely get a boost. It all comes down to the next couple of days. But this is just my personal speculation. Looking purely at the K-line trend, WTI has been dropping for several consecutive daily sessions. It’s unlikely to keep falling indefinitely. Referencing the trend from early August, we might see a dip, a quick rebound, and then a consolidation before resuming the downward trend. Maybe? Again, just my personal guess. Needs confirmation.