Iran’s local media is not offering any confirmation to Trump’s comments it would seem. This via key energy market correspondent and head of Kpler’s energy market and OPEC+ intel, Amena Bakr, on Twitter/X. She is a well reputable source in the oil market for all things, so just be aware of the situation here. The tweet:
“IRANIAN MEDIA SAYS THERE WAS NO DIRECT OR INDIRECT CONTACT WITH TRUMP AND CLAIMS HE WITHDREW AFTER THREATENING TO ATTACK WEST ASIA ENERGY FACILITIES.”
Adding to that, Iran is claiming now that “US president retreats after Iran’s decisive threats” on television.
So yeah, who’s telling the truth here?
Considering Trump’s supposed 48-hour ultimatum before this, it really didn’t sound like talks were on the cards at any point. And now supposedly, there were “very productive” conversations had over the weekend? Hmm.
I’m not doubting the possibility that there was maybe some contact between the two sides. But the thing here is, everything needs to be put into better context. We all know that Trump loves a good spin to the story but there’s always two sides to the coin.
We’ve seen it all before when it comes to China and all the trade deals they’ve struck in the past. Trump will say one thing but Beijing will say another thing.
This definitely looks to be another one of those times. So, be careful with how you’re reading into the latest headlines here. At the end of the day, what really matters is the situation on the ground. Nothing changes until the Strait of Hormuz blockade is actually lifted.
This article was written by Justin Low at investinglive.com.
