Trump, Iran talk war, peace for hours after 'annihilation' threat

Key Points:

• Oil prices retreated slightly after a 4% surge as Iran indicated willingness for diplomacy, though significant gaps remain between the U.S. and Iran on reaching an agreement, with Brent crude at $102.13 and WTI at $91.56 per barrel.
• Ukrainian President Zelenskyy warned that Russia is using foreign fighters through deception in its war against Ukraine, revealing nearly 249,000 Russian casualties and urging international leaders to limit Russia’s war capabilities.
• European Council President Antonio Costa urged Iran to restore cooperation with the IAEA, end regional strikes, and reopen the Strait of Hormuz to ensure peace and freedom of navigation, with the EU ready to support diplomatic efforts.
• U.S. Treasury Secretary Scott Bessent highlighted ongoing U.S. efforts to move 10-17 million barrels of oil daily through the Strait of Hormuz despite Iranian blockades and sanctions severely restricting Iranian international flights.
• Iranian President Masoud Pezeshkian addressed the UNGA emphasizing Iran’s readiness for dialogue without coercion, denying nuclear weapons ambitions, and condemning U.S. and Israeli actions, while facing protests and a U.S. delegation walkout during his speech.