US President Donald Trump announced plans to engage in talks with Iran amid escalating tensions, highlighted by the deployment of powerful naval forces to the region, including a new US destroyer. While Trump expressed hope to avoid military action, Iranian officials are preparing for confrontation, believing that negotiating with the US would be more costly than war. Citi projects limited US and Israeli actions against Iran to prevent escalation, with oil prices rising due to concerns over potential supply disruptions. The bank estimates a 70% chance of limited conflict while anticipating a possible US-Iran agreement by 2026, reducing geopolitical risks.
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Trump Announces Washington Will Speak with Tehran
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