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Iran denies that messages were sent to the US about negotiations

This was out a few hours ago but it’s important context in why oil prices are back near the post-war highs.Previously on Wednesday, a report said that Iran had reached out the US about negotiations. They were Axios reports saying that Iranians had sent messages over the last few days but that the US didn’t respond.This report from Iran’s Tasnim news agency cites an Iranian official who said:”No ⁠message has been sent ​from Iran to the ​US, nor will any response
be given to US messages. Iran’s ​armed forces have prepared ​themselves
for a long war.”Along those lines, Politico reports that the US has asked intelligence officers to post for 100 days. That’s a much longer timeline than the 4-5 weeks that Trump floated but it could just be about contingencies.In any case, WTI crude is up $2.42 to $77.09.
This article was written by Adam Button at investinglive.com.

🔗 Source

💡 DMK Insight

Oil prices are flirting with post-war highs, and here’s why that matters: geopolitical tensions are heating up. The recent outreach from Iran to the US regarding negotiations could signal a shift in the supply dynamics, which is crucial for traders. If these talks lead to any easing of sanctions or increased production, we might see a dip in prices. Conversely, if negotiations stall or escalate tensions, prices could surge further. Traders should keep an eye on the $90 per barrel mark, as breaking above that could trigger more buying pressure. But don’t overlook the broader context—OPEC’s production decisions and global demand recovery are still at play. If Iran’s situation stabilizes, it could lead to a more balanced market, impacting not just oil but also related assets like energy stocks and ETFs. Watch for any news from the negotiations in the coming days, as that could dictate short-term price movements significantly.

📮 Takeaway

Keep an eye on oil prices around the $90 mark; any news from Iran-US negotiations could trigger significant volatility.

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