WSJ's Norman says "There is no way Iran and the US are going to resolve the issues around Hormuz, nuclear, missiles etc in the next 2 weeks. But it doesn't need to happen. What needs to happen is enough to trigger mutually agreed extension of talks"

The latest comments from WSJ's Norman indicate that significant geopolitical tensions between Iran and the US are unlikely to see resolution in the near term, particularly concerning critical issues like Hormuz shipping routes and nuclear capabilities. This sentiment suggests that while immediate conflict may not be on the horizon, prolonged negotiations could create uncertainty in energy markets, particularly affecting WTI prices and broader commodity sentiment.