US President Trump, on Iran, says "we have had strong talks", and see where talks will lead to; have had major points of agreement, if they carry through, it will end the conflict

President Trump's recent comments about the evolving talks with Iran signal a potential thaw in relations, focusing on a possible agreement that emphasizes no nuclear weapons and peace in the region.

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US President Trump, on Iran, says "we have had strong talks", and see where talks will lead to; have had major points of agreement, if they carry through, it will end the conflict

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Talk details:

  • US Special Envoy to the Middle East Witkoff and envoy Kushner had talks.
  • Discussions were on Sunday, into the evening.
  • They want to make a deal, and "we want a deal too".
  • Will talk today, probably by phone.
  • Talked to top leadership.
  • "We will get together with Iran, probably by phone".
  • Iran called, "I did not call".
  • Cannot guarantee a deal.
  • If a deal happens, it is a great start for Iran and great for the region.

Potential Agreements:

  • There are 15 points of agreement.
  • They have agreed to no nuclear weapons.

Potential Demands:

  • Looking for no nuclear weapons, wants peace in the Middle East.
  • We want to see no nuclear bomb or weapon for Iran.
  • Want no enrichment.
  • Very easy to take enriched uranium ourselves, if we have a deal.

Israel:

  • Spoke to Israel a little while ago; Israel will be happy with what we have on Iran.

Oil:

  • "I want to have as much oil in the system as possible".
  • Does not think Iran are getting any oil money.
  • The Strait of Hormuz will reopen very soon, "if it works". 
  • Strait of Hormuz will be jointly controlled, by "me and the Ayatollah". 
  • Will open soon, but not clear on conditions.
  • Price of oil will "drop like a rock", as soon as a deal is done. 

US Troops / Escalation:

  • "We do not talk strategy, when asked about possibility of US troops".
  • Hitting any power plants would be different than what Russia is doing in Ukraine.
  • Reiterates his belief that Iran was an imminent threat.
  • They have no telecommunication, so imagine they have a lack of communication.

Leadership:

  • Have not heard from Ayatollah's son; "I do not want him to be killed". The person we are speaking with is not Iran's supreme leader.
  • Iran does have some leaders left.
  • Nobody knows what happened to the new Supreme Leader.
  • "I do not consider him as the leader".
  • Maybe we will find a leader like we did in Venezuela. 
Context

This could have significant implications for markets, particularly oil prices, as Trump's indication that "the price of oil will drop like a rock" suggests a direct relationship between successful negotiations and commodity pricing. Investors should keep an eye on geopolitical dynamics, as any resolution in the Strait of Hormuz could further influence energy markets and associated currencies.

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