Russia Seeks To Keep Iran 'In The Fight' As Pentagon Eyes Mass Kamikaze Drone Production

Gas Prices Nearing Levels That Could Push Trump Towards Iran Talks, Says JPM Commodities Expert One of the main macro drivers this week remains the Gulf energy shock, as chokepoints from the Strait of Hormuz to Bab el-Mandeb are disrupted. Turmoil in the Black Sea between Russia and Ukraine is also sending chills through commodities desks. Related energy coverage: RBC Commodities Chief Warns "War Entering Dangerous Phase" As Chokepoint Chaos Risks Oil Above 2008 Peak Brent crude is back above $100 a barrel, while WTI has reached $92, pushing Treasury yields higher,...

The short answer is “no.” Trump was confabulating when he said that he was already in negotiations with “important” Iranians. There is a back history to the US’ “negotiations narrative.” In earlier rounds of “negotiations” centred on the Ukraine conflict, Trump regularly would suggest that political negotiations with Russia were ongoing, when in practice, Witkoff […]