“The Islamabad Memorandum of Understanding has never been closer. Pending its finalization, the media should refrain from entering speculation about its content. In line with our responsible and transparent approach, all details will be shared with the public in due course.”
Earlier, Trump posted the following on Truth Social, which had raised some doubts:
“The terms that Iran leaked out to the Fake News have NOTHING to do with the terms that were agreed to, in writing. What they said, including their weak and pathetic statement on having a deal, bears no relation to the truth. Very dishonorable people to deal with. With them, there is no such thing as dealing in good faith. AMAZING! Also, their totally rebuffed Drone attack last night against Indian Ships leaving the Hormuz Strait is TOTALLY UNACCEPTABLE. They better get their act together, and FAST! President DONALD J. TRUMP”
Anyway, oil is down and after falling from the triangle pattern to the downside, there is the potential we could see a more meaningful drop now. Unless, of course, there is no deal.
By Fawad Razaqzada, market analyst with FOREX.com
