Iran Talks Could Deflate Oil's Risk Premium

Trump confirmed Iran requested a June 30 meeting in Doha with envoys Kushner and Witkoff. Iran holds 3–4% of global crude reserves and controls the Strait of Hormuz, where one-fifth of traded oil transits. Markets price in a geopolitical risk premium—extra cost reflecting escalation odds. Sustained diplomatic talks could lower that premium. Any signals of sanctions relief would move markets faster than formal agreements.