Just noticed oil prices pulled back yesterday as tensions in the Middle East seemed to ease a bit. Brent dropped nearly 1% to around $67.40 while WTI fell just over 1% to $62.90. The move came after the US and Iran signaled they'd keep talking on the nuclear front instead of escalating things further. Iranian Parliament Speaker Mohammad-Baqer Qalibaf made some comments about how diplomacy and defense work together, which the market took as a positive sign that cooler heads might prevail. Obviously geopolitical risks can shift fast, but for now the immediate conflict fears that were weighing on crude seem to have loosened up a bit. Worth watching how this plays out over the next few weeks.