Iran's Last Chance: A Desperate Gamble or a Cynical Ploy? President Trump has warned that the latest round of negotiations with Iran is its "last chance" to bring an end to the five month conflict.
The situation on the ground, however, remains far from optimistic, with significant disruptions to global energy supplies and rising oil prices. As of writing, West Texas Intermediate futures were up 1. 29% at $81.
38 per barrel, while Brent crude had surged 1. 73% to $85. 23 a barrel. The volatility is driven by the uncertainty surrounding Iran's intentions. Tehran has denied direct negotiations with the U. S.