US Says Iran Technical Talks to Continue

Summary

Bloomberg's Abeer Abu Omar reports that technical talks between the US and Iran are set to continue despite recent US strikes and Iranian retaliation threats. The situation in the Strait of Hormuz remains tense with shipping at a near standstill, and Qatar has paused its LNG production ramp-up after an Iranian attack on an LNG vessel. Oil prices initially spiked on President Trump's remarks but have since calmed as markets view the back-and-forth as the new norm.

• US-Iran technical talks to continue despite two days of US strikes.
• No clarity on timeframe or location for the talks.
• Strait of Hormuz shipping traffic remains near standstill.
• Qatar pauses LNG production ramp-up after Iran attacked an LNG-laden ship.
• Brent crude prices calmed after an initial spike, trading around $76.
• Market appears desensitized to the recurring pattern of tension and negotiation.