US-Iran Talks Seen Stalling Until After Trump-Xi Summit
Summary
- Reports said progress in negotiations between the US and Iran may be delayed until after a summit between the US and Chinese leaders.
- The source said the course of the talks depends on the outcome of US President Donald Trump’s visit to China.
- Markets are focused on how the Trump-Xi summit and Middle East diplomatic moves will affect US-Iran talks and the global oil market.
Forecast Trend Report by Period
Progress in negotiations between the US and Iran may be delayed until after a summit between US President Donald Trump and Chinese President Xi Jinping, with China’s role in the process drawing increased attention.
Walter Bloomberg reported on May 11 that a Middle East source said meaningful progress in US-Iran talks is unlikely before Trump and Xi meet.
The source said the direction of the negotiations will depend on the outcome of Trump’s visit to China.
Around the same time, Iranian Foreign Minister Abbas Araghchi is set to attend a BRICS foreign ministers’ meeting in New Delhi.
Officials from Saudi Arabia and Egypt are also due at the meeting. They are known to be involved in informal diplomatic channels under Pakistan’s mediation.
The source added that China is also playing a key role in keeping the dialogue on track.
Markets are watching how the Trump-Xi summit and diplomatic activity in the Middle East will affect US-Iran talks and the global oil market. The summit outcome and any progress in mediation efforts are seen as the main variables.
JH Kim
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