Trump says he is not keen on a deal with Iran as U.S. reportedly prepares for 'massive bombing'
The U.S. president and his national security team have discussed possibly resuming large-scale U.S. military operations in the coming weeks, NBC News reported.
TL;DR
- President Trump has withdrawn interest in a deal with Iran.
- U.S. military is reportedly preparing for possible strikes against Iran, potentially including "massive bombing."
- Military action could influence the upcoming midterm elections.
- Trump's approval ratings have fallen due to rising living costs and gas prices.
- Disagreements exist between U.S. and Iranian officials regarding who is running Iran and the messaging from U.S. officials.
- Crude oil prices remain elevated despite recovering Middle East exports.
- Oil market normalization is expected to be slow and uneven, even without a diplomatic deal.