The White House is privately informing allies that it will take time for the US to reach a diplomatic deal with Iran, CBS reports, citing sources
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The White House is privately informing allies that it will take time for the US to reach a diplomatic deal with Iran, CBS reports, citing sources
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- The White House is privately telling allies to expect that it will take time for the U.S. to reach a diplomatic deal with Iran, two sources familiar with the situation told CBS News, adding that the U.S. estimates that the kinetic activity of the war itself will last another two to four weeks.
- Two sources close to Iranian officials said that Tehran expects the diplomacy to take time. The sources said the Iranian regime remains skeptical of U.S. interest in a potential deal, and that Tehran believes that high energy prices provide leverage in Iran's favor.
- Iran is also skeptical that the U.S. and Israel have the same shared timeline for an end to combat, the two sources said. Israel Defense Forces had previously said it expects combat to continue until around Passover, which is the first week of April.
Context
The White House's indication that a diplomatic deal with Iran will take time suggests that current tensions will likely persist, which could keep upward pressure on energy prices. Iran's skepticism combined with its leverage from high energy prices highlights a complex negotiating landscape, potentially impacting oil markets and geopolitical risk sentiment in the near term. Traders should monitor developments closely, as the evolving situation may influence commodities and related equities.
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