Summary
Rep. Michael McCaul discusses the US-Iran talks and expresses deep skepticism about any near-term breakthrough. He notes that markets have responded well but believes the regime in Iran remains untrustworthy. He also touches on China's role and cabinet shuffling in the White House.
- Rep. McCaul sees no big breakthrough in US-Iran talks in the near term.
- He argues that lowering expectations is smart given Iran's dilatory tactics.
- Markets have responded well to the current diplomatic path.
- He believes the Iranian regime is fanatical and cannot be trusted.
- China is seen as advantaged by the continued conflict.
- McCaul suggests preconditioning any meeting with Xi on stopping aid to Iran.
- He comments on cabinet shuffling and limited window for confirmations.