Iran Walks The Talk To Halt Peace Negotiations With the US After Trump Threat
- On Monday, Brent crude climbed 1.2% to $81.53 a barrel as President Donald Trump warned Iranian officials that "You won't even make it back" if they close the Strait of Hormuz.
- Following a 60-day memorandum of understanding signed last week, Trump and Iranian officials continue negotiations in Switzerland regarding Tehran's nuclear program and sanctions relief.
- Despite Iranian media claims of closure, U.S. Central Command confirmed that millions of barrels continued flowing through the Strait of Hormuz over the weekend.
- Vice President JD Vance reported "great progress" in Switzerland, saying the U.S. side represented an "outstretched hand" toward Iran while diplomats negotiate a ceasefire in Lebanon.
- About 80 million barrels of crude could suddenly hit the market if the Strait of Hormuz fully reopens, while the war in the Middle East continues constraining global oil production.
35 Articles
35 Articles
‘We’ll hit Iran very hard again’: Trump threat pauses ‘encouraging’ peace talks
U.S. Vice President JD Vance and Iran’s parliamentary speaker Mohammad Bagher Qalibaf on Monday wrapped up a lengthy round of initial talks aimed at solidifying a permanent end to the war between the countries.
Trump threatens Iran with fresh strikes as Vance leads peace talks
U.S. President Donald Trump on Sunday (July 21) threatened to restart war with Iran even as Vice President JD Vance met Iranian officials for the first talks under an interim peace deal, overshadowed by Tehran's announcement it had again closed the Strait of Hormuz.
Crude oil prices climb 2% as Donald Trump issues new threat amid US-Iran peace talks; Brent reaches $82 per barrel
US-Iran peace deal: Brent crude rose by as much as 2.2% at the market open, reaching $82.30 per barrel, while West Texas Intermediate climbed above the $78 mark, on Monday.
Dollar rises as peace deal strains, pound dips on Starmer uncertainty
The pound weakened to US$1.32055 against the dollar as traders assessed political turmoil in Britain. (Unsplash pic) SINGAPORE: The dollar was firm on Monday as uncertainty clouded a tentative US-Iran peace deal following threats from President Donald Trump to restart the war in the Middle East and Tehran’s announcement it had closed the Strait of Hormuz. Despite rising tensions, US-Iran peace talks stretched into their second day in Switzerland…
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