US President Donald Trump casts doubts on Iran peace proposal as details emerge
Efforts to mediate an end to the Iran war persisted as the war in Iran entered its third month, and US President Donald Trump hinted that Tehrans latest peace proposal might not be enough to satisfy him, Bloomberg reported on Sunday. Irans suggestions include setting a one-month deadline on talks for a deal to reopen the Strait of Hormuz and end both the US naval blockade and the conflict in Iran and Lebanon, according to Axios, which cited two sources familiar with the matter. The source said that if such a pact is reached, another month of discussions would then begin in an attempt to reach an agreement on Irans nuclear program. Market reaction At the time of writing, the West Texas Intermediate (WTI) is down 1.05% on the day at $98.18. WTI Oil FAQs WTI Oil is a type of Crude Oil sold on international markets. The WTI stands for West Texas Intermediate, one of three major types including Brent and Dubai Crude. WTI is also referred to as “light” and “sweet” because of its relatively low gravity and sulfur content respectively. It is considered a high quality Oil that is easily refined. It is sourced in the United States and distributed via the Cushing