Iran has firmly denied any plans to hold talks with the United States, contradicting President Trump’s recent claim that discussions were set for next week. Iranian Foreign Minister Abbas Araghchi dismissed the idea as “speculation,” stating no agreement or arrangement had been made. This comes in the wake of a deadly 11-day conflict between Iran and Israel, intensified by U.S. airstrikes on Iranian nuclear sites before a ceasefire was reached.
According to Jonathan Barratt, Brent is trading at the top of its range right now and if there is an increase in demand, that commodity can breach USD 112.50/bbl and may touch USD 115/bbl.