Oil prices are falling after Iran’s foreign minister said talks will take place in Oman.
That was followed by confirmation from Axios, which said that talks were put back on “after several Arab and Muslim leaders urgently lobbied the Trump administration on Wednesday afternoon not to follow through on threats to walk away,”
A US official said they remain skeptical but will listen to Iran and that they were taking it to ‘be respectful’.
Just three hours ago, the same Axios reporter put out news saying the talks were off. You have to wonder what’s going on here and if someone is playing games with the market or games with negotiations.
The odds of a US strike are rising and even these comments aren’t exactly blazing a trail towards a grand deal.
The talks will take place at 10 am (presumably local time) in Muscat, Oman. Energy traders are going to be paying close attention to the headlines escaping from there.
