Oil drops $1 on Iran's President attempt at oil diplomacy, then rises $1 hours later after Israel bombs southern Lebanon, which looks like the start of a ground invasion into Lebanese territory.

Crude drops $1 on Iran's new President Masoud Pezeshkian at a press conference, indicating that Iran could de-escalate tensions, if Israel does the same.  Hours later, Israel bombs Southern Lebanon killing over 400 civilians.  Oil goes bid again.

As noted with the previous crude analysis:

Price resistance at: 72 and 75

Supports 70, and 69

• New/s headlines:  Iran’s President Says He’s Prepared to Ease Tensions With Israel - Bloomberg

• Israel attacks Lebanon: Hezbollah fires missiles at Israeli air bases - Al Jazeera