Brent eases as Vance letter revives Iran peace talk hopes

WSJ+1 ·
Brent eases as Vance letter revives Iran peace talk hopes
  • Vice President JD Vance sent a letter to the secretary of Iran's Supreme National Security Council to revive peace negotiations, according to The Wall Street Journal.
  • Brent crude traded at $114.14 per barrel and West Texas Intermediate at $101.45 per barrel, both down from Wednesday but well above early October levels.
  • The Wall Street Journal reported that Trump was aware of and approved Vance's outreach, which conflicts with Trump's recent statement that the U.S. is not negotiating with Iran.
  • Qatari mediators presented a new draft peace deal to the Iranian side this week, according to Reuters, and Iran has not given up on a diplomatic resolution.
  • Yemeni Houthis continue attacks on Saudi civil and energy infrastructure, with the latest strike on Aden airport on Wednesday.