Trump says Iran talks gain momentum, warns of further strikes

  • President Donald Trump said diplomacy with Iran was gaining momentum but warned of further military action if Tehran rejected a deal.
  • WTI crude held at $94.59 a barrel and Brent rose 0.15% to $99.40 as U.S. stock futures remained near flat.
  • Trump said Steve Witkoff and Jared Kushner met mediators, while Recep Tayyip Erdogan said eight countries were working to ease Gulf tensions.

President Donald Trump said negotiations with Iran had gained momentum and could produce an agreement after the November 3 U.S. midterm elections or sooner, while warning that Washington could launch further strikes or "annihilate" Iran if significant nuclear activity resumed. Speaking at the U.N. General Assembly and a related meeting with Gulf Cooperation Council countries, Trump said envoys Steve Witkoff and Jared Kushner had held productive discussions with mediators. Oil prices remained elevated, with WTI at $94.59 a barrel and Brent at $99.40, while U.S. stock futures were broadly flat.

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