US VP Vance on Iran talks, says think we are making progress; Focused on diplomatic pathway for now

The VP's remarks indicate a positive shift in diplomatic efforts regarding Iran, suggesting a potential easing of tensions that could impact energy markets.

Newsquawk StaffPublished 13 May 2026, 19:13 UTCOn the live feed at 18:53 UTC — 2 more headlines followed before this page went public

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US VP Vance on Iran talks, says think we are making progress; Focused on diplomatic pathway for now

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CBS's Jennifer Jacobs reports that the VP told her that he spoke with both Jared Kushner and Steve Witkoff about Iran this morning, as well as Arab officials. Progress being made, he said. The question is, is it enough progress to satisfy Trump's red line. "He needs to feel confident that we've put a number of protections in place such that Iran will never have a nuclear weapon," Vance said.

Context

If the negotiations advance significantly, it may ease supply concerns in oil markets like WTI, particularly if they reduce the perceived threat of conflict in the region. However, market participants will closely scrutinize whether this progress meets the foundational demands set by the U.S. administration, as any perceived inadequacy could reinvigorate fears.

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