- Senior Iranian official Ebrahim Azizi says a deal is not imminent, citing major unresolved issues surrounding Iran’s nuclear program and uranium enrichment.
- Trust remains the biggest obstacle, with Tehran saying it has yet to see a “serious will” from Washington to finalize an agreement.
- Iran says it is open to negotiations in principle, provided the U.S. acts honestly and sincerely.
- Tehran believes the success of any agreement depends on the U.S. changing its behavior and addressing the current climate of deep mistrust.
- Azizi said Iran would have “no problem negotiating” if it gains confidence that the U.S. is committed to genuine negotiations and dialogue.
- Iranian officials remain skeptical of President Trump’s statements and say they do not see sufficient commitment to a framework that can actually be implemented.
Bottom Line
The comments suggest that a U.S.-Iran agreement remains farther away than recent optimism may have implied. While Iran continues to express a willingness to negotiate, the statements underscore that deep mistrust between the two sides remains the primary obstacle. The remarks also indicate that Iran is not yet convinced the United States is fully committed to reaching a durable and enforceable framework, despite recent comments from President Trump and other U.S. officials suggesting progress.
It seems like the cycle goes on and on and on.
Meanwhile, crude oil is settling$0.70 higher at $91.30, but the technical picture remains less constructive than the daily gain might suggest. Looking at the hourly chart, the price is well off today’s high of $95.47 and only modestly above the session low of $90.39, highlighting the volatile and choppy trading conditions that have characterized the market in recent weeks.
From a technical perspective, the price is currently trading below its 200-hour moving average at $91.81 and below its 100-hour moving average at $93.56. As long as the price remains beneath those key moving averages, the path of least resistance remains tilted to the downside.
To improve the technical outlook, buyers would need to push the price back above the 200-hour moving average and then reclaim the 100-hour moving average. Until that happens, rallies are likely to be viewed as corrective within a broader consolidation phase. In a market that has seen sharp swings in both directions over the past few weeks, the moving averages continue to serve as important barometers for short-term bias and momentum.
This article was written by Greg Michalowski at investinglive.com.
