US and Iran hold first talks since June as Trump threatens ‘annihilation’
Oil prices flat as president says Steve Witkoff and Jared Kushner had ‘good meeting’ with Iranian delegation on the sidelines of the UN gathering
Source: Financial Times
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DW NOTE
The Strait of Hormuz has been effectively closed since February — only 8 ships transited last week versus the normal 85 per day — and oil is trading at $91, down 19.5% from yearly highs. Either the market believes the Kushner meeting will reopen 20% of global crude flows, or it has decided strategic chokepoints no longer matter.