#TrumpDownplaysIranDeal

About TrumpDownplaysIranDeal

Trump said the US does not currently need an Iran deal and asked VP Vance to focus elsewhere, reversing earlier signals of direct talks. The US maintains its naval blockade; Iran demands blockade and sanctions relief before Hormuz shipping resumes. Reports of tanker attacks and fires near the strait underscore shipping risks. Despite recovering Saudi oil supply, diplomatic differences and transport risks continue to weigh on markets. Brent rose ~3.3% to near $96 on Nov 12.