United States — White House & West Texas Intermediate

United States — White House: The United States — White House is actively involved in negotiating a one-page memorandum of understanding with Iran to end the war and establish a framework for nuclear negotiations. Its actions directly influence the progress and terms of the potential deal.

West Texas Intermediate: U.S. crude prices (West Texas Intermediate) plunged more than $13 to $88.88 per barrel on news of potential ceasefire.

United States — White House: The United States — White House confirmed JD Vance would lead the United States delegation for talks with Iran, clarifying earlier conflicting statements from Donald Trump.

West Texas Intermediate: West Texas Intermediate crude prices have been highly volatile due to the conflict and the Strait of Hormuz blockade, reflecting market uncertainty and supply disruptions.

United States — White House: The United States — White House is the primary source of official statements and decisions regarding the US negotiating efforts with Iran.

West Texas Intermediate: US West Texas Intermediate for May fell due to expectations that US-Iran peace talks would resume, indicating a positive market reaction to potential de-escalation.