Trump Unlikely to Pursue Iran Deal Amid US Strike Preparations

U.S. President Donald Trump has indicated he is no longer interested in reaching a deal with Iran, as reports suggest the U.S. military is preparing for possible strikes against the country. This development comes amid discussions of resuming large-scale military operations in the coming weeks, potentially targeting Iran's energy, infrastructure, and nuclear sites. The military actions are reported to possibly occur before the midterm elections, potentially influencing their outcome. Trump's approval ratings have been challenged by high living costs due to rising gasoline and diesel prices.

Iranian officials have rejected U.S. claims regarding the challenges in negotiation talks. Meanwhile, oil exports from the Middle East have been recovering to near pre-war levels, with combined crude volumes from Gulf countries excluding Iran reaching approximately 18.5 million barrels per day, as reported by Kpler. This situation could lead to slower and uneven normalization of oil traffic under continuous conflict.

This situation is important for investors as it involves potential geopolitical tensions that could impact global crude oil prices and influence U.S. political dynamics ahead of elections. Crude oil supply levels and geopolitical changes could play a significant role in crude market volatility.