Summary
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Trump signals Iran sanctions relief in exchange for nuclear concessions, triggering a sharp drop in oil prices.
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US-Iran talks may resume, but only indirectly, this week; however Tehran remains skeptical after Trump rejected its ceasefire proposal.
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Iran announced targeting 19 vessels over a 48 hour period this weekend and is threatening to escalate further.
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Oil prices fall: Brent below $100 and WTI below $95 as markets price in potential diplomacy.
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Iran’s economy feels the pressure, with the rial hitting a record low near 2.3 million per dollar.
Yes 17% · No 85%
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Oil Tumbles on the Unexpected: Trump Signals Sanctions Relief (...TACO Monday)
Al Jazeera is reporting that President Trump is signaling he'd be open to providing Iran with sanctions relief in return for nuclear concessions - though it remains that Tehran has throughout the war insisted that a ceasefire deal must be achieved first, before the nuclear file is dealt with.
US official says US President Trump is prepared to ease sanctions on Iran and release its frozen assets in exchange for progress on the nuclear issue, reports Al Jazeera
And...
CNN and Axios also run US offiicial comments (echoing Al Jazeera) that US President Tr
