Trump Says Iran Deal “Looking Very Good” as Markets Watch Hormuz
U.S. President Donald Trump said prospects for a deal with Iran are “looking very good” as Washington and Tehran discuss extending a ceasefire set to expire next week. Trump said talks could resume as early as this weekend, while suggesting a resolution could come “fairly soon,” though he would extend the two-week truce if needed.
Trump claimed Iran had accepted terms it has long resisted, including giving up nuclear-weapon ambitions and handing over nuclear material, and said any deal would also include reopening the Strait of Hormuz. Tehran has not publicly confirmed such concessions, and some Gulf Arab and European leaders expect a U.S.–Iran peace deal could take around six months to conclude.
Oil markets remained focused on whether flows through Hormuz will recover. Brent crude rose more than 4% to near $99 a barrel, while physical prices stayed elevated, with dated Brent trading around $116 a barrel as near-term supplies remain scarce. The risk premium has persisted amid concerns negotiations could take longer and that restoring Gulf energy flows may not be immediate even with a deal.
Geopolitical risk remained high, with the U.S. naval blockade entering its fourth day and U.S. Central Command saying 14 vessels turned around over three days rather than test enforcement. Iran warned a prolonged blockade could be seen as a prelude to breaching the ceasefire, while U.S. officials said the military is ready to resume combat if ordered.
Separately, Trump announced Israel and Lebanon agreed to a 10-day ceasefire starting at 5 p.m. New York time, which he framed as a step toward reducing broader regional tensions. Investors will continue to track ceasefire-extension talks, operational conditions in Hormuz, and whether any diplomatic progress translates into a durable restoration of energy and trade flows.
Source : Newsmaker.id
