Iranian President Masoud Pezeshkian refuses to negotiate with Trump under threats, asserting that Trump can act freely. Trump has implemented ‘maximum pressure’ on Iran by targeting oil revenue while considering disrupting oil tankers. Current oil prices show slight increases despite the tensions.
Iranian President Masoud Pezeshkian has made his stance clear, stating that he will “not even negotiate” with President Trump under conditions of threats. He emphasized that Trump should feel empowered to “do whatever the hell you want.” This indicates a firm refusal to engage in discussions that might lead to a nuclear deal under pressure.
President Trump has authorized the reintroduction of ‘maximum pressure’ strategies against Iran, focusing on eliminating oil revenues. Currently, there is uncertainty regarding the extent of pressure, especially concerning Iranian oil exports, which amount to approximately 2 million barrels per day.
Recent reports suggest that the United States is contemplating actions to disrupt Iranian oil tankers at sea. However, it is important to note that such operations are intended to impede deliveries rather than result in the sinking or capturing of vessels.
In market developments, West Texas Intermediate (WTI) crude oil is demonstrating slight fluctuations, retracting some gains but still reflecting an increase of 30 cents at a current price of $66.34.
In conclusion, the remarks from President Pezeshkian illustrate Iran’s unwavering position against negotiations under duress from the U.S. administration. As the Trump administration enforces stringent measures on Iranian oil exports, potential disruptions in maritime oil deliveries remain a critical concern. The evolving dynamics highlight the delicate balance in U.S.-Iran relations and its impact on global oil markets.
Original Source: www.forexlive.com
