Oil Dives As Trump Says No Iran Regime Change; Pompeo Says They're "Ready To Negotiate"

Zero Hedge | 7/16/2019 | Staff
EGFZE (Posted by) Level 3
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Oil dove sharply on Tuesday after back-to-back comments from President Trump and Secretary of State Mike Pompeo signaling a potential de-escalation of tensions in the region.

Earlier in the day President Trump reiterated during a Cabinet meeting, "We're not looking for regime change," adding "We want them out of Yemen."

Pompeo - Trump - Tehran - Missile - Program

Pompeo, seated next to Trump, said that Tehran is ready to negotiate over its missile program for the first time.

"For the first time … the Iranians said they are ready to negotiate on their missile program," said Pompeo.

Trump - Iran - Weapon

Trump added "They’d like to talk, and we’ll see what happens," adding that Iran "can't have a nuclear weapon."

The comments sent oil tumbling.

Week

Earlier this week Iranian...
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