The latest Gulf headlines are a rolling joke.
Prices climbed Tuesday on headlines from Iranian news agencies that cast doubt on progress in the talks, as well as an AFP report that Hezbollah won’t accept a partial ceasefire with Israel. A truce in Lebanon had been cited by Iranian officials as a condition for a broader peace agreement.
The barrage of price-supportive headlines reversed early session losses that were triggered by de-escalatory comments from Washington. President Trump said a memorandum of understanding with Iran to reopen the Strait of Hormuz could happen over the next week, according to ABC News, which cited a telephone conversation with Trump.
