Live updates: Oil back on the rise as Iran denies report of deal talks — SkimNews
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- WTI crude oil rose 3.5% on the day after Iran denied a Reuters report of possible deal talks.
- Mohammad Ghader, a journalist commonly thought to fairly represent Iranian leadership's views, wrote that the report is "false," that "no negotiations are underway," and that the story's "goal is to control the price of oil."
- Iran's stated condition: the U.S. must fulfill stipulated requirements in a single step so the Strait of Hormuz can reopen under Iranian control.
- Bitcoin slipped to $84,100 during the same session.
Why it matters: Iran's outright denial of talks and its demand that the U.S. meet conditions before the Strait of Hormuz reopens under Iranian control left traders pricing out any near-term deal, with WTI jumping 3.5% intraday. Tehran framing any such report as a "price-control" tool signals it treats the diplomatic channel as a market lever rather than a genuine negotiating track.
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