Crude oil futures sell at $82.36

Crude oil futures settled at $82.36, down $2.65 (3.12%) on the day. The article says the decline reflects easing of the geopolitical risk premium as traders view the latest U.S. sanctions on Iran as less threatening to global supplies than direct military action. It also points to reports of diplomatic progress and the potential return of U.S. diplomats, reducing concerns about broader conflict or disruptions through the Strait of Hormuz. Still, the market remains vulnerable to a sharp price spike if diplomacy fails or regional supply flows are disrupted. Technically, price slipped below short-term moving averages, weakening the near-term outlook and keeping sellers in control, with $79.00 flagged as the next downside target and $79.00’s rising trend line a key test.