Pakistan Signals US-Iran Deal Progress as Oil Erases Gains After Trump's Reparation Demand
Updated
Updated · Bloomberg · Aug 11
Pakistan Signals US-Iran Deal Progress as Oil Erases Gains After Trump's Reparation Demand
3 articles · Updated · Bloomberg · Aug 11
Summary
Khawaja Asif said U.S.-Iran talks are "shaping up in favor of peace," signaling progress even after Donald Trump demanded Tehran pay reparations for deaths tied to Iranian-linked attacks and protests.
Oil prices erased earlier gains after the Pakistani defense minister's comments, offering markets brief relief from days of volatility over whether the Strait of Hormuz might reopen.
That optimism still clashes with hardening positions: Iran over the weekend demanded compensation for U.S. violations of a lapsed interim peace deal, while state media said the chokepoint would stay closed until its conditions are met.
The Wall Street Journal also reported U.S. forces fired on a Panama-flagged ship trying to breach the blockade, underscoring tensions even as Pakistan mediates and has signed a trilateral defense pact with Saudi Arabia and Turkey.