WTI fell sharply on Tuesday, trading around $95.70 at the time of writing, down 2.36% on the day after earlier touching a one-month high above $100. The retreat followed reports of a fresh diplomatic proposal between the US and Iran, which helped temper Middle East risk pricing. Israel\u2019s Channel 12 News said Pakistan\u2019s army chief presented a compromise to senior Iranian officials that had approval from Washington and preliminary agreement from Tehran, with Pakistan and Qatar acting as intermediaries.<\/p>\n\n
Channel 12 News reported the plan may include transferring to Iran the interest generated on roughly $6bn of Iranian funds held in Qatari banks, without releasing the principal. A Qatari report cited by the broadcaster also said Tehran has agreed to a confidential International Atomic Energy Agency visit to nuclear facilities, though the arrangement has not been officially confirmed and the final scope remains unclear.<\/p>\n\n
On technicals, WTI traded at $95.61 on the four-hour chart, above the 100-period SMA at $92.00 and the 200-period SMA at $93.15, while the 14-period RSI sat near 46; support was flagged at $95.00, then $93.15 and $92.00, with resistance at $101.05.<\/p>\n\n\n\n