Saudi defense minister visits Tehran amid crude oil price pullback

Crude oil dropped as Saudi Arabia's defense minister traveled to Tehran for talks with Iranian officials, signaling potential diplomatic progress in the Middle East. The geopolitical engagement between the regional powers eased immediate supply concerns that have supported oil prices in recent months.

The visit represents a rare high-level contact between Riyadh and Tehran, potentially opening avenues for energy market stabilization. Oil traders monitored the talks closely as tensions in the region have historically created price premiums for petroleum products globally.

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