News Link • Oil
Oil Explodes To 29-Month Highs After Trump Says "No Deal" With Iran...
• Zero HedgeSummary:
• War enters day seven as Iranian President Masoud Pezeshkian says several countries have begun mediation efforts to end the conflict with the US and Israel, while stressing negotiations must confront those who "ignited this conflict."
• Heavy fighting continues, with Tehran experiencing its most intense bombardment yet, including strikes near key government districts; Israel says the attacks mark a "new phase" of the war.
• Trump rejects negotiations amid Tehran reports that outside countries offered mediation, declaring there will be "no deal except unconditional surrender," and suggesting Iran could later select a new leader with US approval.
• Global fallout intensifies: Brent oil futures surges to around $90, Gulf energy flows face disruption, Russia says demand for its energy is rising, and reports indicate Moscow may be providing Iran intelligence on US military assets in the region.
• Qatar News Agency, Citing Minister of State for Energy Affairs, says The ongoing war will force Gulf states to halt energy production and exports within days.
• Israeli official admits Hezbollah joined conflict with unexpected intensity
• President Trump said sending ground troops into Iran would be a "waste of time."



