Trump abruptly recalled Vance, halting US-Iran negotiations once again. On November 12th, Trump abruptly stated that the US did not need a deal with Iran and instructed Vice President Vance to focus on corruption and crime issues in Democratic-governed regions. Trump also claimed that the US controlled hundreds of billions of dollars in Iranian assets and the Strait of Hormuz. Trump's change of heart was swift; yesterday he was saying Vance would push for negotiations with Iran, and today he announced that talks were no longer necessary, a statement that surprised the market. Previously, after the Republican Party's defeat in the midterm elections, Vance publicly attributed the loss to the war with Iran, and the market was hoping for US-led diplomatic negotiations to end the conflict as soon as possible. However, with Trump's recall of Vance, the market once again abandoned expectations for a short-term US-Iran agreement, leading to a surge in both WTI and Brent crude after the news broke. @Gate, trade more markets