Trump Sees No Reason to Escalate Iran War as Brent Crude Falls 2%
Updated
Updated · CBS New York · Nov 9
Trump Sees No Reason to Escalate Iran War as Brent Crude Falls 2%
3 articles · Updated · CBS New York · Nov 9
Summary
Trump said in a Sunday interview he is "not looking" to intensify the Iran war, while defending his late-February decision to start the conflict despite near-term economic damage.
Brent crude fell 2% to $96.38 a barrel and U.S. crude dropped 1.5% to $89.56 after his comments eased fears of a return to full-scale fighting.
Rubio still cautioned that U.S.-Iran talks are not near a breakthrough, saying Tehran's demands remain unacceptable even as Trump says he prefers diplomacy.
Iran said cutting a potential deal's implementation period to 2 days from 7 was a goodwill gesture, but it still wants sanctions lifted, the naval blockade ended and assets unfrozen.
Trump is due to meet Qatar's prime minister on Monday as Doha presses for more time for mediation, even while the new Iron Gate task force expands pressure on Iran's trade routes.