|
|
|
21.05.26 - 19:18
|
Oil Gains as Iran′s Uranium Stance Clouds Hormuz Outlook (Bloomberg)
|
|
|
Oil gained Monday as traders weighed conflicting reports on Iran's uranium enrichment, a key sticking point in peace negotiations with the US that could dictate the pace of reopening the vital Strait of Hormuz.
West Texas Intermediate traded above $101 a barrel Monday after sliding 5.7% in the previous session. Prices pared some gains after Al Jazeera reported no new uranium directive had been issued, citing an unnamed Iranian official. Traders have been on high alert for clues on the status of negotiations between the US and Iran to parse when the strait — subject to a double blockade by Tehran and the US military — might reopen and to gird against a potential return to active fighting. The virtual closure of the waterway, a key global energy shipping route, has caused energy prices to soar.
We get reaction from Mike McGlone, Senior Commodity Strategist for Bloomberg Intelligence. (Source: Bloomberg)...
|
|
|
|
|
|
|
|
|
|
|
|
|
21.05.26 - 15:12
|
Ayatollah Orders Highly-Enriched Uranium To Remain In Iran, Stymying Trump′s Basis For Deal (ZeroHedge)
|
|
|
Ayatollah Orders Highly-Enriched Uranium To Remain In Iran, Stymying Trump's Basis For Deal
The illusion of a grand diplomatic breakthrough in the Middle East is once again colliding with reality. The White House has been busy trying to paint a picture of a total capitulation by Tehran, which hasn't been demonstrated given its consistent position defying Washington's demands on the nuclear issue.
According to two senior Iranian officials speaking to Reuters, Iranian Supreme Leader Mojtaba Khamenei has drawn a hard line in the sand, ordering that Iran's stockpile of uranium enriched to 60% remain strictly inside Iranian territory.
Office of the Supreme Leader, via Reuters
Reuters underscores that "Ayatollah Mojtaba Khamenei's order could further frustrate U.S. President Donald Trump and complicate talks on ending the U.S.-Israeli war on Iran."
"Israeli officials have told Reuters that Trump has assured Israel that Iran's stockpile of highly enriched uranium, needed to...
|
|
|
|
|
|
|
|
|
|
|
|
|
21.05.26 - 14:15
|
Futures Slump, Ignoring Korean Euphoria, After Iran Rejects Trump Enriched Uranium Demands (ZeroHedge)
|
|
|
Futures Slump, Ignoring Korean Euphoria, After Iran Rejects Trump Enriched Uranium Demands
A steady rebound in US equities driven by peak insanity in Korea (where the two chip stocks that account for most of the market surged and sent the Kospi soaring more than 8% overnight) faded after a report that Iran's Supreme Leader issued a directive that the country's near-weapons-grade uranium must remain in the country, rejecting Trump's key ceasefire demand, while oil and bond yields jumped as traders waited in mounting futility to see whether hopes of a peace deal in the Middle East would translate into tangible progress. As of 7:15am ET, S&P 500 futures fell 0.4% and Nasdaq futures slid 0.3% after otherwise very strong Nvidia's earnings failed to ignite further strong gains in the artificial intelligence trade. Treasuries fell as Brent reversed earlier losses to climb 2% above $107 after Tehran's response disappointed those hoping for de-escalation. JPMorgan CEO Jamie Dimon did not h...
|
|
|
|
|
|
|
21.05.26 - 13:12
|
Iran Says Uranium Should Not Be Sent Abroad, Reuters Reports (Bloomberg)
|
|
|
Iran's Supreme Leader says its enriched uranium must stay in the country, Reuters is reporting this morning. Those headlines sent oil prices higher. On Wednesday President Donald Trump said the US was in the "final stages" with Iranian diplomacy. Bloomberg's Annmarie Hordern reports. (Source: Bloomberg)...
|
|
|
|
|
|
|
|
|
|