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GeopoliticsMediumUpdated•Originally published 12 April 2026•Updated 14 April 2026•

1 min read

Oil Slips Below $100 as Vance Signals Potential for 'Very Good Deal' with Iran

Donald Trump's portrait over a map of Iran, oil refineries, barrels, and a rising financial chart in fiery tones.

Key Facts

1US Vice President JD Vance left Islamabad on April 12, 2026, without reaching a nuclear agreement with Iran.

about 2 months ago

Version History

1 additional source confirmed this story

Version 1about 2 months ago

What changed: The narrative shifted from a total collapse of talks to a potential opening for a deal, causing oil prices to retreat below $100.

Energy markets experienced a significant shift after US Vice President JD Vance stated that a 'very good deal' with Iran remains possible if Tehran adheres to nuclear red lines. Following these optimistic remarks, oil futures retreated from recent highs, slipping below the $100 per barrel threshold. This diplomatic opening comes even as Washington ramps up pressure in the Strait of Hormuz, maintaining a dual-track approach of negotiation and deterrence. Investors are now recalibrating their expectations, weighing the potential for a breakthrough against ongoing regional tensions. The retreat in prices suggests a cooling of the immediate risk premium that surged following the initial deadlock in Islamabad. Market participants remain focused on whether Tehran will meet the stated conditions to finalize a long-awaited nuclear agreement.