Trump Says Iran Peace Talks Can Happen by Phone. Oil Prices Resume Climb-wsj

Former President Trump indicated that peace talks with Iran could be conducted via phone, potentially easing geopolitical tensions in the region. This development may influence oil prices through a reduction in risk premium associated with Middle Eastern supply disruptions. Oil markets, particularly Brent and WTI, are most exposed as any progress in negotiations could stabilize supply concerns and dampen price volatility. Traders will be closely watching for any official statements or developments regarding the timing and structure of these talks, which could provide further clarity on the geopolitical landscape affecting oil supply.

Crude oil (WTI/Brent) reacts in real time to OPEC+ production decisions, EIA weekly inventory reports, geopolitical supply disruptions (Middle East, Russia, Venezuela) and US Strategic Petroleum Reserve announcements. A 5% intraday move on breaking news is not unusual.

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