EU Foreign Policy Chief Kallas says are discussing how to offramp from the Iran war
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Saudi Finance Minister Al-Jadaan says there will be even more severe disruptions in the oil market than what was seen during COVID in the scenario the Middle East conflict is not resolved
Pakistani officials have confirmed they’re relaying messages between the US and Iran, but for now, talks in Islamabad are seen as unlikely, Sky's Hakim reports; source says the talk of negotiations is little more than a smokescreen
EU Foreign Policy Chief Kallas says are discussing how to offramp from the Iran war
Al-Mayadeen’s political security source says US Sec of State Rubio is coordinating with Israel PM Netanyahu and his team inciting the adoption of a “major military strike” as the only way to end the war
Russian Agricultural Lobby Chief says they do not have any spare capacity to produce more fertiliser at this point in time
On the Newsquawk feed at , 20 minutes before this page.
- If the EU works together with the US putting pressure on Russia, an end to the war could happen.
Context
The dialogue around an offramp from the Iran war suggests a potential de-escalation, which could stabilize regional tensions. If the EU collaborates effectively with the US to apply pressure, it may lead to reduced geopolitical risks that typically support higher energy prices, specifically WTI. Traders should monitor how this development may influence oil market sentiment and related assets in both the near and medium term.
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