Phillip Streible breaks down the latest moves in the energy complex. He analyzes WTI Crude Oil futures as prices retreat from recent highs amid de-escalation talks between Iran and Oman regarding the Strait of Hormuz, removing some geopolitical premium from the market. Streible also reviews the latest EIA inventory report, highlighting a small build of 100,000 barrels alongside strong refinery utilization and gasoline demand. Finally, he looks at Natural Gas futures, where late-summer heat forecasts are supporting prices despite elevated production levels.