Free Republic

Oil prices jumped about 5% Monday as doubt grew that the U.S. and Iran will reach a deal to increase ship traffic through the Strait of Hormuz. U.S. West Texas Intermediate futures climbed about 5% to close at $82.13 per barrel. Brent crude , the international benchmark, also settled around 5% higher at $87.72 a barrel. President Donald Trump told Axios on Sunday that the U.S. is “only semi-negotiating” with Iran, after he insisted last week that Washington and Tehran were in fact holding talks. Trump indicated that he would rely on the U.S. naval blockade to pressure Tehran rather...

The Iranian government flat-out rejected President Trump’s claim that new negotiations were due to get underway later Monday, with officials stating that no talks were taking place or scheduled.Trump, 80, told reporters en route to Washington Sunday night that he had called off a planned “massive attack” on Iran at the request of US partners in the region — including Saudi Arabia, the United Arab Emirates, and Qatar.“They thought that a deal is imminent,” said the president, later adding: “Now what we’re doing is talking to them [Iran], in the form of a ​negotiation. It begins tomorrow afternoon.” Iran Foreign...

In a stunning departure from decades of established US foreign policy, President Donald Trump revealed that a forthcoming peace agreement with Iran will likely allow the regime to retain its conventional ballistic missiles. Standing before reporters at the G7 meeting in France, the President argued that a complete ban is unrealistic because 'they got to have some.' 'What am I going to do? Am I going to let Saudi Arabia have missiles, but they can't have them?' Trump said during the briefing. 'Missiles aren't the problem. They hurt a little location, but they don't blow up the planet.' A reporter...