WTI crude oil futures have declined as renewed diplomatic efforts in the Middle East ease concerns about potential supply disruptions. Officials from Saudi Arabia, Turkey, and Pakistan are in Tehran for talks with Iranian officials, raising hopes for a de-escalation of tensions and a potential breakthrough in negotiations between the U.S. and Iran. This has led to some profit-taking after recent price surges, though the market remains volatile due to ongoing Houthi attacks on Saudi Arabian infrastructure.