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#IranUSDealStandoff The interesting part isn't whether Iran and the US are talking. It's what each side expects to happen first 👀
Iran is reviewing a formal US response, but sanctions, shipping access and nuclear issues remain tied up in sequencing.
What caught my attention is that Gulf exports have largely recovered through alternative routes. That reduces the urgency of a deal.
The longer trade adapts around Hormuz, the less leverage reopening alone may carry at the negotiating table.
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