This post was republished with permission fromZero Hedge
President Trump is meeting with his national security team Monday to discuss the way forward in the Iran war, including possibly resuming military action, after negotiations with the country deadlocked on Sunday,three U.S. officials told Axios.
U.S. officials say Trump wants a deal to end the war, but Iran’s rejection of many of his demands and refusal to make meaningful concessions on its nuclear program puts the military option back on the table.
This sent oil prices back to the highs of the day…
President Trumpalso told Fox, that hesees a 1% chance of an Iran deal materializingand succeeding, as even the ceasefire is one of “the weakest,on life support“:
President Donald Trump called out the“piece of garbage”peace proposal from Iran on Monday from the Oval Office, sayingonly “stupid people” in Iran are questioning his resolvein guaranteeing Iran will never have a nuclear weapon.
The latest Iranian proposal reneged on a past vow to give up enriched uranium.
None of this bodes well for the prospect of the Strait of Hormuz opening up anytime soon. Oil prices have reflected general pessimism at the start of this week.
Trump Might Fully Restart Project Freedom
Fox News is reporting that President Trump is considering renewing Project Freedom, pushing oil up. According to the developing story:
Source: modernity
