Global Oil Dynamics **Global crude prices** retreated slightly in the latest session, snapping a four-day rally as market participants weighed diverging supply signals. The downward pressure was primarily driven by the resumption of Venezuelan oil exports, which has provided a measure of relief to global supply concerns. **Geopolitical tensions in Iran** remain a significant upside risk. Ongoing domestic protests have triggered concerns over potential infrastructure disruptions within the OPEC member nation. Market analysts indicate that any sustained interference with Iranian output could significantly tighten global oil balances and support higher price floors. **Inventory data** from the United States further complicated the market outlook. An unexpected rise in domestic crude stockpiles suggested a cooling of immediate demand, offering a counterpoint to the geopolitical risk premiums currently embedded in energy futures. ---