Now Playing
IAEA Standoff, Oil Markets Bet on Peace & Rubio Skips Israel | Jun 24
Audio is available on Spreaker — see link below.
Iran and the US clash over IAEA inspection terms as oil markets price in ceasefire optimism — two very different reads on the same fragile deal. Plus: Israel-Lebanon talks stall, Congress pushes back on war powers, and China escalates rare earth enforcement to criminal prosecution.
Audio is available on Spreaker — see link below.
Iran rejected claims that it had agreed to full IAEA access to its nuclear sites. That happened on June twenty-third.
Meanwhile, the market has already made its bet. WTI crude fell four point four percent to below seventy dollars a barrel on June twenty-fourth.
Secretary of State Rubio spent June twenty-fourth in the UAE, Kuwait, and Bahrain, building Gulf support for the Iran deal's terms. He did not visit Israel.
The Israel-Lebanon track is at an impasse. A fifth round of US-mediated talks in Washington on June twenty-third and twenty-fourth ended without progress.
On the domestic side, the Senate voted fifty to forty-eight on Tuesday to limit Trump's war powers in the Iran conflict. Trump called it meaningless and poorly timed, saying it helped "the Enemy." The vote included Republican defections.
One story that cuts across all of this: China detained two Japanese nationals in May over suspected violations involving rare earth exports. This is a shift from export controls and customs enforcement to criminal prosecution.
The real test arrives June thirtieth. That's when nuclear monitoring talks are scheduled to begin.
Chapter summary auto-generated from the verified script. Listen to the full episode for the complete content.