US VP Vance has reportedly been speaking with intermediaries about the Iran conflict as recently as Tuesday, Reuters sources say

The reported discussions by US VP Vance on the Iran conflict signal a potential shift in diplomatic efforts, particularly regarding a ceasefire, which could ease tensions in the region.

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"Three US officials told me discussions are taking place about a possible ceasefire with Iran in return for the reopening of the Hormuz strait. The officials said it is unclear if a deal can be reached", Axios' Ravid

Emirates Global Aluminium has halted smelter use after Iran strike, Bloomberg reports citing sources

US VP Vance has reportedly been speaking with intermediaries about the Iran conflict as recently as Tuesday, Reuters sources say

[MARKET UPDATE] Crude prices see upticks in recent trade despite a lack of fresh factors, although the Iranian Foreign Ministry spokesperson recently rebuffed Trump's claims of Iran's ceasefire request

US EIA Gasoline Production Change (Mar/27) -0.152M (Prev. 0.309M)

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  • Trump directed Vance to communicate privately that he is open to a ceasefire as long as certain US demands are met, including reopening the Strait of Hormuz, sources added.
  • Vance has been speaking with intermediaries about the Iran conflict as recently as Tuesday, sources said.
  • Vance delivered a stern message that Trump was impatient and warned of growing pressure on Iranian infrastructure unless the Iranians make a deal .
Context

The reopening of the Strait of Hormuz is significant, considering its critical role in global oil supply, and any progress here could impact WTI prices significantly. Traders should monitor how this develops, as it may influence energy market volatility and broader risk sentiment.

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