Iran Talks Fluid, Oil Prices Surge Past $100

Donald Trump’s approach to a potential deal with Iran has involved ultimatums, shifting timelines, and a visit to Graceland. The president initially stated the U.S. war against Iran was “winding down” before issuing a 48-hour deadline for Iran to reopen the Strait of Hormuz.

Trump Eyes Iran Deal Amidst Shifting Statements

On Friday, Trump said the U.S. war against Iran was “winding down.” By Saturday night, he had given Iran a 48-hour deadline to reopen the Strait of Hormuz or face airstrikes on its energy infrastructure. On Sunday, he golfed, and by Monday morning, he said Iranians were engaging in “constructive” talks with the U.S.

Trump said U.S. contact with an unnamed Iranian leader – not confirmed by Iran – was enough to merit a five-day stay of the threatened attacks. The prospect of talks sent the U.S. stock market surging and global oil prices dropping.

Now back in Washington, Trump has initiated a new five-day countdown to potential U.S. attacks on Iranian power infrastructure. After a visit to Elvis Presley’s Graceland, Trump may have indicated a potential breakthrough, or it could be a tactic to buy more time after delivering an ultimatum that put him in a difficult position.

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