Trump: Not satisfied with the latest Iran proposal, not sure we’re going to get a deal

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Well this is worrisome:

  • Not satisfied with Iran's latest proposal
  • Not sure we're going to get a deal
  • We're negotiating by phone
  • I just had a conversation with Iran

It's Friday and the US continuing a military buildup in the region so it's not clear what happens next. You would hate to see another round of strikes but a report this week said that was one of the options that Trump was considering. If the targets are Iran's energy and bridges then Iran has pledged to strike back against regional oil infrastructure. If both sides are successful then it's a big mess because the oil that's offline can't come back for many months, maybe years.

It's a nightmare scenario and it's why Trump shouldn't do it but with him you never know. He seems to be quite happy that tankers are going to the US to buy oil. Notably, Chevron and Exxon said today that they weren't planning to increase drilling but is instead focused on free cash flow.

This article was written by Adam Button at investinglive.com.

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