Key facts
- Oil markets no longer believe President Trump's narrative of peace with Iran.
- Markets are unconvinced Trump's statements will lead to de-escalation of tensions.
- The US-Iran conflict is nearing its 100-day mark.
- No resolution is in sight for the US-Iran stalemate.
Oil markets have ceased to believe President Trump's narrative regarding peace with Iran. The markets are no longer convinced that Trump's statements will result in a de-escalation of tensions between the US and Iran. This shift in market sentiment comes as the conflict between the two nations is nearing its 100-day mark, with no resolution currently in sight. The ongoing stalemate persists, highlighting the market's skepticism towards diplomatic progress.