Summary
- President Trump said Iran hard-liners will eventually come to the negotiating table and that he will continue applying pressure.
- Iran’s demand for reparations over war damage is frustrating Trump and is emerging as a new source of friction between the US and Iran.
- Markets are watching the continued comments on US-Iran negotiations for signs of rising Middle East geopolitical risk and greater volatility in global oil prices.
Forecast Trend Report by Period
President Donald Trump said Iran’s hard-liners will eventually come to the negotiating table. He also appeared dissatisfied with Tehran’s demand for compensation for war damage.
Walter Bloomberg reported on May 11 that Trump told Fox News that “Iran hard-liners will eventually yield” and that he would keep up the pressure until a deal is reached.
The issue of compensation for war damage has also emerged as a new source of friction in ceasefire talks between the US and Iran.
Citing Middle East diplomats who asked not to be identified, Walter Bloomberg reported that Iran’s demand for war reparations is frustrating Trump.
Trump is said to be concerned that the term “reparations” itself could be interpreted as a US admission of defeat.
Pakistan is also trying to play a mediating role between the US and Iran.
Pakistani Prime Minister Shehbaz Sharif, Foreign Minister Ishaq Dar and Army Chief Asim Munir are in contact with both sides and with Middle Eastern countries to support the ceasefire and push for face-to-face talks, according to the diplomats.
Markets are watching the recent stream of comments on US-Iran negotiations for signs of rising geopolitical risk in the Middle East and greater volatility in global oil prices.
In a separate interview with CBS, Trump also said he wants to suspend the federal gasoline tax for a period of time.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
