Crude oil edges lower as Trump extends pause on attacking Iran's energy sites

What: Crude oil prices have declined as the US President has extended a pause on targeting Iran's energy infrastructure.
Why: The move is seen as a reduction in geopolitical tensions, which typically supports lower oil prices.
Signal: The pause may indicate a shift in US foreign policy, potentially leading to increased oil supply.
Target: Oil traders are now focusing on OPEC's upcoming meeting to gauge potential production adjustments.
Risk: The extension may be short-lived, and tensions could escalate if Iran's nuclear program is not addressed.