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US Secretary of Rubio told G7 foreign ministers today that the war with Iran will continue for another 2-4 weeks, and stressed that the US is determined to achieve all of its objectives, Axios reports, citing three sources with direct knowledge told me

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US Secretary of Rubio told G7 foreign ministers today that the war with Iran will continue for another 2-4 weeks, and stressed that the US is determined to achieve all of its objectives, Axios reports, citing three sources with direct knowledge told me

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  • Rubio also claimed during Friday's meeting in France that the U.S. was close to holding serious negotiations with Iran
  • Rubio told his G7 counterparts that the U.S. is still communicating with Iran through mediators, rather than directly, the three sources said.
  • He said there is unclarity about who is actually making the decisions in Tehran at the moment. 
  • Rubio added that there are two Iranian officials who want to hold negotiations with the U.S., but they need approval from the top leadership.  
  • He also said the U.S. is waiting for clarification on who would represent Iran in potential peace talks.  

Context

The comments from U.S. Secretary Rubio highlight a prolonged conflict with Iran, suggesting continuity in geopolitical tensions over the next few weeks. This adds uncertainty to energy markets, particularly oil, as the risk of supply disruptions remains high, especially if negotiations falter. The wait for clarity on Iranian leadership's negotiating capability further complicates prospects for a resolution, which could impact commodities and market sentiment in the near term.

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