Watching oil prices hover near those seven-month highs again. Brent's sitting around $70.92 and WTI at $65.93, both holding steady as traders keep an eye on what's happening in the Middle East. There's clearly some geopolitical premium baked in here with the nuclear talks between the US and Iran kicking off this week in Geneva. The Iranian foreign minister mentioned a deal could be within reach, but you've got Trump saying diplomacy is the preference while also making it clear he won't allow Iran to develop nuclear weapons. The thing that's keeping oil prices hovering at these levels is the real military risk. The US has positioned forces in the region, so it's not just talk. When you've got that kind of uncertainty, crude tends to stay elevated. Both contracts are near their highest points since early August, which tells you traders are pricing in some serious geopolitical risk premium right now. Could shift quick depending on how those talks go.

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