Brent crude fell below $80/barrel to its lowest since March 10, down 3.56% on the day. WTI slid 4.00% to $78.12/barrel.

EU foreign policy chief Kallas said EU ministers unanimously agreed Lebanon must be included within the scope of any U.S.-Iran ceasefire agreement.

Axios reports three sources say CIA Director John Ratcliffe told Trump and other senior officials that, based on collected intelligence, Iran is unlikely to make the nuclear concessions the US is seeking in any final deal. Ratcliffe was not the only skeptic: Secretary of State Rubio and Defense Secretary Hegseth privately raised concerns, while Vice President Pence and envoys Witkoff and Kushner supported the agreement. Ahead of a Sunday announcement, senior officials reviewed intelligence showing discrepancies between Iranian internal discussions and their statements to mediators and the US, leading Ratcliffe and Rubio to conclude Iran probably would not accept the US’s demanded nuclear measures.