After calling off an attack on Iran’s energy infrastructure, President Trump said on Monday that “there’s a very good chance we’re going to end up in a deal,” adding that a resolution could possibly be reached within five days.
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An Israeli official said that Iranian parliament speaker Mohammad Bagher Ghalibaf could hold talks with U.S. Special Envoys Steve Witkoff and Jared Kushner and possibly Vice President J.D. Vance in Islamabad, Pakistan, as soon as this week.
Iran Denies Direct U.S. Contact as Oil Prices Tumble
Iran’s Foreign Ministry noted that it had not been in direct communications with the U.S. That contradicted Trump’s claim that the two sides had held preliminary talks over the past few days. Still, the two sides have recently communicated through intermediaries, including Turkey, Egypt, and Pakistan, according to Axios.
Brent crude futures (BZ) are down by 8.5% on the developments as traffic through the Strait of Hormuz remains at a near standstill. Over the weekend, Trump threatened to “obliterate” Iran’s power plants, but called off the threat following “very good and productive conversations.”