Oil: US and Iran diplomacy affects prices

The oil market is reacting to diplomatic initiatives by the US and Iran aimed at peacefully resolving the conflict. The Iranian president has instructed the government to conduct negotiations, rejecting capitulation under military pressure.

The US insists on preventing Tehran from acquiring nuclear weapons, yet Donald Trump confirmed Iran's interest in dialogue and continuing negotiations through intermediaries.

Key disagreements remain regarding sanctions, the nuclear program, and conditions for opening the Strait of Hormuz. A peaceful agreement has not yet been reached, which supports asset volatility.

Donald Trump noted that the rise in oil prices was less significant than expected. This is due to supplies of millions of barrels from Venezuela and supply stability.

• Iran is ready for negotiations but rejects excessive demands
• Washington demands renunciation of nuclear weapons
• Trump promises to lower gasoline prices below $2 per gallon after the November 3 elections
• The US imports oil from Venezuela, easing price pressure

Economic forecasts link the decrease in fuel costs in the US to political decisions and current supply volumes. Investors are monitoring quote dynamics against the backdrop of ongoing diplomatic consultations.