Oil Tumbles On Iran Deal Buzz As Rubio Still Insists 'Denuclearization' Is The 'Ultimate' Goal

SummaryRubio: The "ultimate deal" is the denuclearization of Iran, while Omani talks focus on reopening Hormuz.Stalemate persists: Iran refuses nuclear negotiations until the conflict ends, leaving both sides far apart.Deal optimism sees oil slide: Brent fell below $80 on reports of progress in Oman-mediated Hormuz talks.Bessent claims a Hormuz agreement could come "today or tomorrow".Major doubts remain given Iran denies formal talks, security risks persist and the reported Oman plan could leave Tehran with broad control over Hormuz traffic.US x Iran diplomatic meeting by August 15, 2026?

Yes 22% · No 78%View full market & trade on Polymarket Rubio: "Denuclearization of Iran" is the "Ultimate Deal"Secretary of State Marco Rubio spoke at the White House Tuesday, just after headlines out of Qatar touting that a new draft deal initiative is gaining momentum.Rubio insisted again that Strait of Hormuz remains open and that vessels are continuing to pass through it, but said the US is working to open it up to bigger vessel transit flows."I think there is a conversation and a negotiation that we are involved in between Iran and Oman on how more ships can be able to go through there safely in the short term, as we move towards… longer-term talks about denuclearization," said Rubio. He then emphasized that that the "denuclearization of Iran" is the "ultimate deal".But from Tehran's point of view, this will constitute Washington shifting the goalposts back to square one once again. Iran has insisted it will not negotiate the end of its nuclear program, especially while the conflict is still in an active phrase. It has consistently said that nuclear talks can happen later, only once an agreement to end the war has been accomplished. The two sides continue to be far apart, despite the Tuesday morning onslaught of 'Hormuz deal imminent' headlines. PressTV, however, has said that Iran-Oman talks on opening Hormuz are in a "new phase" - and despite what it calls "US obstruction" - but so far it appears this management scheme will be favorable to Iran's demands. And yet there's still some signs of compromise on the horizon:IRAN WEIGHS ALLOWING EUROPE TO CLEAR MINES IN STRAIT OF HORMUZ“Over the next two and a half years” pic.twitter.com/x6e8GychXb