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Sign InGlobal oil prices experienced significant swings following Iran's denial of reports regarding indirect communication with the United States. Tehran refuted claims of diplomatic efforts aimed at de-escalating the ongoing conflict in the Middle East, heightening market uncertainty. These developments occur as geopolitical risks continue to pose a threat to the stability of global energy flows. Analysts suggest that the absence of clear diplomatic progress maintains a risk premium on WTI and Brent Crude contracts. The resulting price volatility reflects investor concerns over potential supply disruptions in a key oil-producing region. Market participants remain focused on official signals that could dictate the future trajectory of energy prices amid persistent instability.