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US-Iran talks over "for now"

Comments from a spokesman for Iran’s foreign ministry:US-Iran talks are over “for now” A reporter from State TV says unsure when talks might restartKeep an eye out for Iran headlines. Oil is current nearly flat, down 13 cents to $63.16. I’d estimate there’s at least at $3 gepolitical premium in oil at the moment.Here is a message from Iran’s foreign minister:Very serious talks mediating between Iran and the US in Muscat today. It was useful to clarify both Iranian and American thinking and identify areas for possible progress. We aim to reconvene in due course, with the results to be considered carefully in Tehran and Washington.So it looks like they’ve bought some time, at the very least.In a separate interview, he said they agreed to continue talks, but no decision yet on when/where. Oil is down 25-cents, which seems small on some de-escalation. I guess we will have to wait and see what Trump says.Update: The WSJ reports that Iran refuses to end nuclear enrichment in talks.
This article was written by Adam Button at investinglive.com.

🔗 Source

💡 DMK Insight

Iran’s halted talks with the US could shake oil markets, and here’s why: geopolitical tensions often spike prices. With oil currently at $63.16, the market’s already pricing in a $3 geopolitical premium. If tensions escalate or new sanctions are introduced, we could see a significant uptick in volatility. Traders should monitor not just oil prices but also related assets like energy stocks and ETFs, which often react to crude fluctuations. Keep an eye on the $60 support level; a breach could trigger further selling, while a rebound might signal a buying opportunity. The uncertainty around when talks might resume adds to the risk, making it crucial to stay updated on any news from Iran or the US. Look for potential price movements in the coming days as headlines emerge, especially if there’s a shift in sentiment regarding future negotiations.

📮 Takeaway

Watch for oil to test the $60 support level; any geopolitical escalation could push prices higher, so stay alert for Iran-related news.

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