A senior Israeli official told Israeli outlet N12 that President Trump wants an Iran deal "at any cost," adding a political dimension to talks that have so far centered on reopening the Strait of Hormuz. Treasury Secretary Scott Bessent and Secretary of State Marco Rubio have both pointed to progress between Iran and Oman on managing shipping through the strait, while Goldman Sachs expects Brent crude to hold within an $80 to $90 range until a deal is confirmed.
A senior Israeli official has told Israeli outlet N12, according to Al Arabiya, that President Trump wants an Iran deal "at any cost". The official also framed the margin between peace and war under the current administration as no wider than the distance between letters on a keyboard.
The remark adds a political layer to a story that, until now, has been driven mostly by operational progress on reopening the Strait of Hormuz — the passage through which a fifth of global oil and gas flowed before the conflict began.
Hormuz talks shift to implementation
Earlier this week, Bessent said a deal to reopen the strait could arrive within a day or two, while Rubio pointed to progress between Iran and Oman on moving more shipping through the waterway. However, he cautioned that no final agreement had been reached.
Since then, an Iranian source told CBS News that the broad outlines of a plan have largely been agreed, leaving implementation and timing as the main outstanding issues. Under the proposal, Iran would coordinate inbound traffic through the channel nearest its coast, while Oman would manage outbound traffic on its side, with a service fee split between the two countries.
Goldman sees Brent holding its range
Goldman Sachs continues to expect Brent crude to trade between $80 and $90 a barrel until a new US-Iran agreement is confirmed or attacks escalate significantly.
Separately, Iran is considering a voluntary fund, financed by Gulf and European states, to help cover the cost of managing navigation and safety services in the strait — an arrangement modeled on a similar setup used in the Strait of Malacca.
Source: Investinglive
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