Iran’s President Pezeshkian refuses to negotiate with Trump under threats. Trump’s reinstatement of ‘maximum pressure’ targets Iranian oil exports, while the U.S. is considering disrupting oil tanker movements. WTI crude oil prices have shown some resilience despite these pressures, trading at $66.34.
Iran’s President Masoud Pezeshkian has made it clear that he is unwilling to negotiate nuclear terms with the Trump administration while under threat. He asserted that he “won’t even negotiate” with Trump under these conditions, emphasizing that Trump has the liberty to “do whatever the hell you want.” This statement suggests a strong stance against U.S. negotiations.
President Trump has authorized the reapplication of ‘maximum pressure’ on Iran, which includes restricting Iranian oil revenues. The future of Iranian oil exports, which currently stand at approximately 2 million barrels per day, is uncertain. Reports have surfaced indicating that the U.S. is evaluating options to disrupt Iranian oil tankers at sea, although such actions may only impede deliveries rather than involve direct military confrontation like sinking or capturing ships.
In response to these developments, West Texas Intermediate (WTI) crude oil prices have decreased slightly but have recovered to show a gain, trading at $66.34, with a 30-cent rise observed today. This fluctuation reflects the ongoing tensions and uncertainty surrounding Iranian oil exports amid U.S. sanctions and military strategies.
Iran’s resolute refusal to negotiate under threat reflects high tensions in U.S.-Iran relations. With President Trump’s reinstatement of stringent sanctions aimed at Iranian oil revenue, uncertainties around the oil market persist. The potential U.S. disruption of Iranian oil tankers signifies escalating strategies. WTI crude oil prices remain resilient despite these geopolitical challenges, illustrating market sensitivity to these developments.
Original Source: www.forexlive.com
