#USIranDiplomacyUpdate

About USIranDiplomacyUpdate

Reports say Trump authorized VP Vance to advance Iran talks and is considering meeting Iranian security official Rezaei. The US maintains its naval blockade; Iran demands blockade and sanctions relief before Hormuz shipping resumes. Saudi supply continues recovering despite shipping restrictions. OPEC data puts Saudi-reported October output at 10.563M bpd, a conflict-era high, with crude and product exports at ~7.9M bpd. Diplomatic progress and Saudi supply remain key to oil prices.