Secretary of State Mike Pompeo said on Tuesday that Iran appeared willing to negotiate over its missile program “for the first time,” in what he and President Trump presented as evidence that sanctions and military pressure were working, less than a month after the president halted a planned military strike against Iran.
But within hours of the statement to reporters, delivered before a cabinet meeting at the White House, the idea was shot down by Iran’s foreign minister, Mohammad Javad Zarif, who was in New York for a meeting at the United Nations. His spokesman said that the two men had misinterpreted Mr. Zarif’s public statements, in which he repeated past demands that if the United States “wants to talk about missiles, it should stop selling weapons, including missiles, to regional states.”
As a result, oil prices are in a bit of a flux and should be treated as such, no clear direction.
Currently Close Range
USDCAD 1.3040 1.3088 1.3038-1.3094
EURCAD 1.4645 1.4672 1.4636-1.4678
GBPCAD 1.6213 1.6239 1.6178-1.6254
CA: Consumer Price Index June M/M 0.4% -0.2%
Y/Y 2.4% 2.0%
Manufacturing Sales May M/M -0.4% 1.6%
Y/Y 3.1% 3.0%
US: Housing Starts June 1.265M 1.253M