The prices of oil futures continued to rise on Wednesday as supply worries intensified due to a potential United States-Iran clash. While the two countries sat down for discussions earlier this week and mentioned some progress has been made, there have been no significant changes in the attitudes, with Axios reporting that Washington could hit Tehran within weeks. West Texas Intermediate (WTI) for March deliveries surged 2.7% at 7:49 am ET, going for $64 per barrel. At the same time, Brent for April settlements soared 2.63%, selling at $69.19 a barrel.
Don’t let them shit you…A second round of talks between the U.S. and Iran has ended without a deal to curtail Iran’s nuclear program.
But Iranian Foreign Minister Abbas Aragchi says the pair of nations did agree on “guiding principles” for future talks… You can wipe your ass with joke guiding principles
Crude Dips On Iran Deal Signals
Oil edged lower on signs that the US and Iran have made progress in nuclear talks, eroding a risk premium in benchmark futures prices. West Texas Intermediate fell to settle near $62 a barrel after Iranian Foreign Minister Abbas Araghchi said that the two countries reached a “general agreement” on the basis of a potential nuclear deal that would lift sanctions on Tehran and ease the risk of war in the Middle East. Tehran’s negotiators are scheduled to return with a new proposal in two weeks, a US official said Tuesday. Success in the talks could pave the way for a lasting removal of a geopolitical risk premium that has kept prices elevated since the start of the year amid rising global oil supplies. The development erased earlier gains after Iran said it would shut parts of the Strait of Hormuz for several hours due to military drills, though traders were skeptical of a meaningful disruption to the waterway that ships about a fifth of the world’s barrels. The US has also sent a second aircraft carrier to the region. The two sides will each draft and exchange texts for a deal before setting a date for a third round of talks, Araghchi said, cautioning that the next stage would be “more difficult and detailed.”
US Vice President JD Vance said Tuesday that negotiations with Iran went well but the country has not yet acknowledged President Donald Trump’s red lines.
“Agreeing on guiding principles to begin drafting text is not the same as resolving enrichment limits, inspection protocols or sequencing of sanctions relief. The market seems to understand that distinction. Implied volatility has eased from recent highs, yet spot prices remain comfortably above $60 a barrel. That resilience speaks to lingering skepticism that diplomacy will translate into anything meaningful.”
— Brendan Fagan, Macro Strategist, Markets Live.
Trend-following commodity trading advisers positioned in WTI breached several sell triggers near $62 a barrel, accelerating the price slide, according to data from Kpler’s Bridgeton Research Group. The robot traders liquidated long positions to sit at 27% short in WTI on Tuesday, compared with 45% at the start of the session, the firm said.
Crude is up almost 10% so far this year thanks to a combination of supply disruptions, geopolitical risk and a buildup of sanctioned barrels. While futures have settled in a band between $61 and $65 for most of this month, the outcome of the flurry of diplomatic efforts in the coming days and hours could dictate the path forward for prices.
NN: Their has been no real progress…. so we wait!
US rushes F-22 and F-16 fighter jets to Middle East
The F-22 stealth fighter jets and F-16 fighter aircraft are currently being moved from the United States and Europe to the Middle East, data from Flightradar showed on Tuesday. Over 10 F-22 airplanes and more than 30 F-16 jets are believed to have departed their bases. The move comes amid a new round of nuclear negotiations between the US and Iran, held in Geneva, Switzerland. In addition, earlier this week, Tehran commenced its military exercises in the Strait of Hormuz. Washington has been keen on reinforcing its military presence in the region in the past couple of weeks, as tensions with Iran continue to linger.
NN: The US talks peace as we SEE a Hugh military build up in the middle east. Watch what they do not what they say.
Iran fires missiles in Strait of Hormuz amid military drill
Iran has launched live missiles toward the Strait of Hormuz as part of a previously announced maritime military drill, coinciding with a new round of indirect nuclear talks with the United States in Geneva. Iranian media said on Tuesday that early in the morning, the exercise involved missile launches from inside the country and along its coastline, targeting designated sites in the strategic waterway.
Iranian Supreme Leader Ayatollah Ali Khamenei left a message for United States President Donald Trump on Tuesday, saying that Washington “won’t be able to destroy” Tehran, as it hasn’t been able to do so in the past 47 years. “They keep saying an aircraft carrier was sent toward Iran. An aircraft carrier is indeed a dangerous tool, but the weapon capable of sending it to the bottom of the sea is even more dangerous,” Khamenei commented during a speech. Meanwhile, a second round of nuclear negotiations between the two countries is currently underway in Geneva.
NN: Lets find out if the US can destroy Khomeini and his reign or terror or not
Iran starts military drills in Strait of Hormuz
The Iranian Islamic Revolutionary Guard Corps (IRGC) started military drills in the Strait of Hormuz on Monday, as it was reported it would. According to the local Tasnim Agency, the exercise, titled Smart Control of Hormuz Strait, was organized to test the army ahead of “possible security and military threats.” The drills came ahead of Iran’s negotiations with the United States on its nuclear status in Geneva. The use of the Strait of Hormuz has been one of the main points of discussion and misunderstanding between Iran and Washington.
NN: See my email and previous news stories
Netanyahu: Dismantling Iran’s nuclear program a must
Israeli Prime Minister Benjamin Netanyahu said at a conference on Sunday that any deal with Iran must include the dismantling of its nuclear infrastructure, noting that he still feels sceptical about the whole situation. “All enrichment has to leave Iran. There should be no enrichment capability. Not stopping the enrichment process, but dismantle the infrastructure that allows you to enrich in the first place,” he commented. He further added that the issue of Iran’s ballistic missile program also needs to be addressed. “The axis of terror” must be dismantled, Netanyahu insisted. Talking about Hamas, he underscored that its tunnels need to be destroyed. So far, Israel dismantled 150 kilometers of a total of 500 kilometers of these tunnels, Netanyahu noted.
Trump might back strikes on Iran’s ballistic program
United States President Donald Trump told Israeli Prime Minister Benjamin Netanyahu back in December 2025 that, should talks with Iran fall through, he would support Israel targeting Tehran’s ballistic missile program, CBS News reported on Sunday, citing sources.
The two sources detailed that US military and intelligence figures have been having internal talks about the possibility of backing a second round of Israeli attacks against Iran.
The focus has been on how Washington could assist in such a mission, including a potential aerial refueling for Israeli jets, as well as the question of ensuring overflight permission for the airspace of other countries in the Middle East. It remains unclear which countries could give such permissions, as Jordan, Saudi Arabia, and the United Arab Emirates all previously said they would forbid the use of their airspace for such purposes.
Crown prince urges the world to stand with the people of Iran as 250,000 rally in Munich
About 250,000 people demonstrated on Saturday against Iran’s government on the sidelines of a gathering of world leaders in Germany, police said, answering a call from Iran ’s exiled Crown Prince Reza Pahlavi for cranked-up international pressure on Tehran. Banging drums and chanting for regime change, the giant and boisterous rally in Munich was part of what Pahlavi described as a “global day of action” to support Iranians in the wake of deadly nationwide protests. He also called for demonstrations in Los Angeles and Toronto. Police said in a post on X that the number of protesters reached some 250,000, more than the organizers had expected.
“Change, change, regime change” the huge crowd chanted, waving green-white-and-red flags with lion and sun emblems. Iran used that flag before its 1979 Islamic Revolution that toppled the Pahlavi dynasty.
At a news conference, Pahlavi warned of more deaths in Iran if “democracies stand by and watch” following Iran’s deadly crackdown on protesters last month. “We gather at an hour of profound peril to ask: Will the world stand with the people of Iran?” he asked. He added that the survival of Iran’s government “sends a clear signal to every bully: kill enough people and you stay in power.” An estimated 350,000 people marched on the streets of Toronto as part of the Global Day of Action Rally, Toronto Police spokesperson Laura Brabant said. At the Munich rally, demonstrators sported “Make Iran Great Again” red caps, mimicking the MAGA caps worn by U.S. President Donald Trump ‘s supporters. Among those sporting the caps was U.S. Sen. Lindsey Graham, a Republican from South Carolina who gave a speech to the crowd during which he was photographed holding up the headwear. Many at the rally waved placards showing Pahlavi, some that called him a king. The son of Iran’s deposed shah has been in exile for nearly 50 years but is trying to position himself as a player in Iran’s future. The crowd chanted “Pahlavi for Iran,” and “democracy for Iran” as drums and cymbals sounded. “We have huge hopes and (are) looking forward that the regime is going to change hopefully,” said Daniyal Mohtashamian, a demonstrator who traveled from Zurich, in Switzerland, to speak for protesters inside Iran who faced repression. “There is an internet blackout, and their voices are not going outside of Iran,” he said. About 500 protesters also rallied outside the presidential palace in Nicosia, Cyprus, with many holding up banners with slogans against Iran’s government and in favor of Pahlavi. The U.S.-based Human Rights Activists News Agency says at least 7,005 people were killed in last month’s protests, including 214 government forces. It has been accurate in counting deaths during previous rounds of unrest in Iran and relies on a network of activists inside Iran to verify deaths. Iran’s government offered its only death toll on Jan. 21, saying 3,117 people were killed. Iran’s theocracy in the past has undercounted or not reported fatalities from past unrest. The Associated Press has been unable to independently assess the death toll, given authorities have disrupted internet access and international calls in Iran. Iranian leaders are facing renewed pressure from Trump, who has threatened U.S. military action. Trump wants Iran to further scale back its nuclear program. He suggested Friday that regime change in Iran “would be the best thing that could happen.” Iran was also the focus of protests in Munich on Friday, the opening day of an annual security conference in the city gathering European leaders and global security figures. Supporters of the Iranian opposition group People’s Mujahedeen Organization of Iran, also known as the Mujahedeen-e-Khalq, demonstrated.
NN: This is a golden opportunity to clean out this global sponsor of terrorism. Lets hope Trump does not blow it