https://www.reuters.com/markets/commodities/crude-oils-catch-22-pricing-trump-taco-trade-makes-it-less-likely-2026-03-23/
Of note is Russia wanting this to keep going, and Iran more than happy to, to get better terms of any negotiated end.
I suspect they are learning exactly how they can leverage their position to their advantage. When the 48 hours are actually up we’ll see what the US does or doesn’t do and then how Iran responds.
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