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“I am only thinking about how to prevent Iran from obtaining nuclear weapons,” Trump says ahead of his meeting with Xi: The agenda of the US–Beijing talks
“We cannot allow Iran to acquire nuclear weapons,” Trump said. As the ceasefire is being violated in the Straits, the POTUS is rushing to close the front, fearing he may appear weakened
Trump’s angry response to Iran proposal: He calls it unacceptable – Tehran speaks of an “end to restraint”
The deadlock in negotiations is deepening, with oil prices climbing again above $104 per barrel. Tehran is also warning France and Britain against any intervention in the region
Zelensky confirms the three-day ceasefire and the prisoner exchange with Russia
The exchange of 1,000 prisoners of war from each country was agreed, the Ukrainian president said
Analysis: Even if peace comes to the Middle East now, it will still take a long time for fuel prices to fall
Even if a U.S.–Iran agreement is reached and the Strait of Hormuz reopens immediately, fuel prices are unlikely to return quickly to their early-2026 levels. Markets will need months to be “convinced” that the danger has truly passed. This is the well-known “rockets and feathers” phenomenon
A three-stage plan is being studied by the US and Iran: Temporary agreement on a cessation of war and 30-day nuclear negotiations
Markets rise and oil falls on optimism about the outcome of the negotiations - Focus on the Strait of Hormuz and the nuclear programme
