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25.08.26 - 15:51
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Oil Falls Further As US Prepares Return Of Diplomats To Mideast Embassies (ZeroHedge)
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Oil Falls Further As US Prepares Return Of Diplomats To Mideast Embassies
There continue to be clear signals that the White House is moving away from the potential for renewed military action and instead settling in for a long economic siege campaign targeting Iran, on a permanent basis.
The avoidance of more bombs away and with all the risks and uncertainty of a military 'solution' has seen oil prices drop. Energy prices are weakening also amid positive signals from Pakistan's army chief Field Marshal Asim Munir, who just left Tehran after carrying a fresh US-drafted framework. Crude oil prices (WTI) dropped 3% to just below $82.50 a barrel on Tuesday, extending the 2.4% decline recorded in the previous session.
The US Embassy in Qatar, via State Dept/Stars & Stripes
Al-Arabiya is reporting that he presented an offer to lift sanctions under the MOU, so long as Iran reopened the Strait of Hormuz and halts all hostile actions against Gulf states.
Munir had spoken to Trump by phone before ...
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