If the US and Iran reach an agreement, the possibility of the US continuing to strike against Iran is very low.

Just now, Trump stated in a phone interview with CNN that if negotiations between the US and Iran continue to make progress and both sides are able to sign a strong agreement, then it is highly unlikely that the US will need to resume strikes against Iran.

This has been a long-standing clear positive view from Trump regarding a US-Iran agreement, which strengthens the probability of the US and Iran possibly reaching a peace agreement, while also reducing the likelihood of Trump expressing before the midterm elections that he would carry out large-scale attacks on Iran afterward.

In simple terms, Trump continues to TACO on the issue of the US and Iran, which is helpful for alleviating oil prices. After the interview ended, both WTI and Brent (contracts) saw price drops, with WTI falling below 90 dollars.

Continue to short oil, short the spread between Brent and WTI, short Brent!

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