US President Trump, via earlier Newsnation Interview, says I think Iran is losing on all counts, and if the deal they want isn't right, I won't even consider it.

The comment that a deal will not be considered unless terms are right is standard leverage language, and episodes of this pattern have tended to see crude price in a geopolitical risk premium on hawkish remarks and give it back on signs of engagement, with the premium concentrated in the front of the oil curve and in freight and insurance costs for Gulf transit rather than in outright supply expectations. The claim that the counterparty is losing on all counts is the kind of framing that has in past cycles preceded either escalation or a sudden pivot to a deal, and the two paths trade very differently. The tells worth noting are whether the remarks are matched by concrete steps such as sanctions enforcement changes, military posture shifts in the Gulf, or scheduled rounds of indirect talks, and whether Iranian officials respond in kind or leave the channel open. Absent a kinetic event or a breakdown of an active channel, rhetoric alone has historically faded within sessions, with oil, Gulf FX pegs, and regional credit spreads retracing. As positioning rather than action, the signal is directional at most.