- Goldman Sachs warns that persistent refinery outages, low inventories, and insufficient new capacity could keep diesel and gasoline margins elevated through 2027.
Trump administration officials have held a long meeting with the Iranian delegation on the sidelines of the UN General Assembly in New York on Tuesday, with the president hailing it as a "very good" meeting. He further called it "very productive" and that "they have another one scheduled in the very near future."
As for who represented the White House, no specific names were given, but President Trump while addressing reporters appeared to reference his special envoys Steve Witkoff and Jared Kushner as they sat near him. "It was a meeting that lasted for three hours," Trump indicated.
Confirmed: Iran’s foreign minister, Abbas Araghchi, met with the Steve Witkoff, US special envoy, and Jared Kushner on the sidelines of the General Assembly at U.N headquarters in New York, according to NYT, citing two Iranian officials
Not confirmed: A high-ranking source told Al Arabiya: The New York meeting between the American and Iranian delegations broke the deadlock in the negotiations; A breakthrough between America and Iran is possible, but it requires multiple steps.
Iran's armed forces: says Trump's statements on Iran at the UNGA are "tools are domestic propaganda."
In his big UN address earlier in the morning, Trump warned that he could "annihilate" Iran and "send them to hell" - but also held out hope that Tehran would be willing to make a deal, which would likely come after the US midterm elections.
The same afternoon Trump spoke in a meeting with Ukrainian President Volodymyr Zelensky, saying that he has called for a ban on diesel exports. Oil prices pressed lower immediately on the headlines, but soon after began rising again. However, some sources have warned that the controversial proposal could backfire.
Underlining how markets are now driven by geopolitics and geoeconomics, it’s all big names, bi