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Trump Said to Seek Iran Ceasefire, Raising Fears of Energy Price Spike

Source
Minseung Kang

Summary

  • The US is seeking a ceasefire with Iran, highlighting the possibility of easing Middle East risks while also drawing attention to volatility in energy prices.
  • Solid Intel said President Donald Trump is seeking a ceasefire with Iran ahead of a deadline he set, while multiple foreign leaders and intelligence chiefs are pressing for de-escalation.
  • Solid Intel added that the US is keeping open the option of replacing Middle East envoy Steve Witkoff with Vice President JD Vance, and is concerned energy prices could spike next week.

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Photo: Shutterstock
Photo: Shutterstock

Reports that the US is seeking a ceasefire with Iran amid the current conflict are raising the prospect of easing Middle East risks while also sharpening concerns over volatility in energy prices.

On June 7, Solid Intel, a cryptocurrency information account on X, said President Donald Trump was seeking a ceasefire with Iran ahead of a deadline he had set. The account added that multiple foreign leaders and intelligence chiefs were pressing for de-escalation.

Solid Intel also said the US was keeping open the option of replacing Middle East envoy Steve Witkoff with Vice President JD Vance during negotiations. It added that Washington was concerned energy prices could spike next week.

Minseung Kang

Minseung Kang

minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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