US-Iran talks and GCC priorities

US President Donald Trump announced on Monday that “good and productive” peace talks with Iran had taken place. Although the focus was on restoring maritime transit through the Strait of Hormuz, Trump referred to “15 points of agreement” after those talks, saying “I think there’s a very good chance we’re going to end up in a deal.” As similar promises have been made before that turned out to be illusory, many officials and media commentators dismissed the comments as wishful thinking or a ploy to calm jittery markets, which did respond positively to his remarks. These talks were important.

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