Trump says US in contact with IRGC and calls on Iran to surrender
Brent crude dropped 5% and US West Texas Intermediate fell over 5% after Trump said talks with Iran would start soon.
- Trump confirmed a backchannel on Monday, claiming Iran requested time to negotiate on shipping routes and nuclear concerns; Iranian officials disputed his timeline for talks to commence.
- Escalating US-Iran tensions and reported attacks on commercial vessels in key Middle Eastern shipping corridors had pushed oil benchmarks up more than 20% during the previous month.
- Brent crude dropped 5% to $83.47 per barrel, while West Texas Intermediate fell over 5% to $79.47 per barrel following the announcement of called-off military action.
- Energy sector stocks declined 2% amid the oil pullback, while travel and leisure shares advanced 2.1%; European indices rose 0.5% as Treasury yields retreated from recent highs.
- OPEC and allied producers announced production increases beginning in September, though regional conflicts continue to limit the impact on global supply dynamics and market volatility.
12 Articles
12 Articles
US President Donald Trump said that Iran should raise the white flag and surrender, affirming that it was not in a hurry and did not meet a specific timetable to end the war, concurrently with the 60-day deadline stipulated in the memorandum of understanding signed between Washington and Tehran, without agreement or extension. Tramp acknowledged during an interview with the Fox News network that there was a back channel for communicating with Ir…
Oil prices plunge and Europe’s markets rally after Trump calls off Iran strikes
Crude oil benchmarks experienced significant declines on Monday following announcements that military action against Iran had been called off. Brent crude dropped 5% to trade at $83.47 per barrel, while US West Texas Intermediate fell over 5% to $79.47 per barrel. Both benchmarks had surged more than 20% during the previous month amid escalating US-Iran tensions and reports of attacks on commercial vessels in key shipping corridors. Trump stated…
Iran deal clock hits zero as Trump demands ‘white flag’ with new pressure campaign looming – Democratic Accent
The 60-day window for the United States and Iran to reach a final agreement expired Monday with no deal announced, as President Donald Trump hardened his rhetoric toward Tehran and his administration prepared what Treasury Secretary Scott Bessent has described as an unprecedented new phase of economic pressure. “They should put up the white flag of surrender,” Trump told Fox News chief foreign correspondent Trey Yingst in a phone interview Monda…
US President Donald Trump said that Iran would not be able to defeat the United States and called on Tehran to end the conflict on August 17, 2026
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