Iran Meeting Could Ease Oil's Geopolitical Risk Premium

Trump announced Iran requested a June 30 meeting in Doha with envoys Kushner and Witkoff. Iran controls 3–4% of global crude reserves and sits astride the Strait of Hormuz, through which 20% of traded oil passes. Markets embed a geopolitical risk premium in crude pricing. Sustained diplomatic engagement that lowers escalation odds could weigh on that premium. Sanctions relief signals would move markets faster than any formal outcome.