Leavitt has stated that former President Donald Trump has not communicated with Saudi Crown Prince Mohammed bin Salman (MBS) since a recent post, as reported by FirstSquawk. Additionally, the U.S. Trade Representative is expected to announce new tariffs later today. Meanwhile, Trump told Axios that Iran is open to discussions but is not yet ready to finalize a deal. These developments come amid ongoing tensions in the U.S.–Iran conflict and U.S.–Saudi relations. The lack of communication with MBS, a key regional figure, may suggest challenges in diplomatic efforts regarding Iran.

Key Takeaways

• Leavitt’s statement appears to suggest a lack of diplomatic engagement between Trump and MBS, which could impact regional diplomacy.
• Market pricing suggests a decrease in the likelihood of U.S.-Iran peace talks by July 31, with current odds at 5.5% YES.
• The upcoming U.S. tariff announcement could further complicate international relations and negotiations.

What to Watch

Observers will be keen to see how the U.S. Trade Representative’s tariff announcement affects existing geopolitical tensions. Any official statement from Trump or Iranian leaders regarding negotiations could influence market expectations for U.S.-Iran peace talks. Additionally, any future interactions between Trump and MBS might provide insights into regional diplomatic dynamics. Markets will likely react to key indicators such as public statements or new developments in U.S.-Iran relations.

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