Iran's Fars News Agency, citing sources, reports that there are no direct communication with the US, nor through intermediaries; Trump backed down after hearing that Iran would target all power plants in West Asia
Context
The absence of direct or mediated communication between the US and Iran, coupled with reports of Iran's willingness to target regional power plants, suggests heightened tensions in the Middle East. This scenario could drive up energy prices, particularly WTI, as markets usually react negatively to escalated geopolitical risks that threaten supply stability.
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