The resignation of White House National Security Adviser John Bolton, a hawk on Iran, will not lead to talks between Washington and Tehran, Iran said on Wednesday. Prices then rebounded after the EIA reported another drawdown in oil inventories, adding to evidence of a short-term tightening up of the oil market.
The White House has followed what the administration calls a policy of "maximum pressure", including sanctions aimed at halting all Iranian oil exports, saying its ultimate aim is to push Tehran to the table for talks on a new, tougher deal. The idea would be that Trump could meet President Rouhani on the sidelines of the UN Conference in NY later this month.
Arch-foes Tehran and Washington have been at loggerheads since May past year when US President Donald Trump unilaterally withdrew from a 2015 nuclear deal and began reimposing crippling sanctions.
According to a New York Times report earlier this month, which cited a U.S. official and Iranian reports, the proposed sum is aimed at salvaging the accord after Trump withdrew from the pact a year ago and reimposed biting sanctions on Iran, including on its oil sector. In that sense, Bolton somewhat fit the role. "To the extent anyone takes his place and removes pressure from Iran, it will be bad for Israel".More news: Disturbance in Atlantic means more rain for your weekend
On the other hand, Trump has also showed a hesitation when it comes to aggressive military engagements, and he campaigned on disentangling the US from endless war. His last-minute decision in June to refrain from attacking Iran widened the divide between him and Bolton - Bolton was all-in on a military strike. During Trump's second summit with Kim in Hanoi, Trump ordered that Bolton not be included in a dinner meeting with senior USA and North Korean officials. "Would it turn into something resembling the relationship between the president and North Korea's Kim Jong-un?"
Bolton fiercely opposed the idea, Bloomberg said, citing three anonymous sources. In fact, Macron maneuvered in recent weeks to try to arrange such a diplomatic breakthrough. He invited Iranian foreign minister Javad Zarif to attend sideline meetings at the G-7 conference in August.
France's President Emmanuel Macron, left, meets his Iranian counterpart Hassan Rouhani in New York, September 19, 2017.
On Wednesday, Iranian President Hassan Rouhani reiterated Tehran's stance that U.S. sanctions must be lifted before Iran would agree to any talks with Washington. "We are still standing and he is gone", Iranian government spokesman Ali Rabiei said on Twitter.
Observers say Iran aims to stress its stance of not easily agreeing to dialogue in a bid to get the Trump administration to take concrete steps, including the lifting of sanctions. Easing sanctions could conceivably smoothen the path for a meeting.More news: These are the first apps to take advantage of the Galaxy Fold
He stressed the need to work on everything that can reduce the proliferation of weapons of mass destruction in the Middle East, so as to ensure global peace and security. But for Trump, the upsides are also significant. So, maximum pressure is a failure in that regard.
The deal, known formally as the Joint Comprehensive Plan of Action (JCPOA), has been at risk of falling apart since Trump unilaterally withdrew from it and reimposed sanctions on Iran.
"The French are offering Trump a facing-saving way out of a mess of his creation. They all want to talk", Trump said.
Moreover, in political terms, there are incentives for Trump to chart a new course. Because it's going to be very risky for them to enrich. The UN meeting is less than two weeks away.
Trump's decision Tuesday was to fire Bolton.More news: China removes several US products from tariffs list