Trump Says US, Iran Are Much Closer to Final Deal
Summary
- President Donald Trump said negotiations between the US and Iran are moving closer to a final agreement.
- Markets are watching the possibility of easing tensions in the Middle East and the resulting direction of global oil prices.
- The prospect of progress in the talks could increase volatility in global oil prices and the dollar.
Forecast Trend Report by Period
President Donald Trump said negotiations between the US and Iran are moving closer to a final agreement, as markets watch whether easing tensions in the Middle East could affect global oil prices.
CBS reported on May 23 that Trump said US and Iranian negotiators are "much closer to completing a deal."
He said any final agreement would block Iran from obtaining nuclear weapons and address the issue of highly enriched uranium. The US, he added, would sign only a deal that includes all of Washington's demands.
The US and Iran have recently continued talks that include extending a ceasefire and easing sanctions. Iran, however, has maintained that detailed discussions on the nuclear issue are not part of the initial negotiation framework.
Markets are also weighing the possibility that progress in the talks could increase volatility in global oil prices and the dollar. Disagreements remain over limits on uranium enrichment and how to handle nuclear materials.
