The RED ZONE warning: on the brink of a global oil shortage?

Donald Trump says Iran must choose between signing a deal or facing fresh US strikes - but despite the threats, no attacks have come. So is this another case of “TACO Trump”, or are we actually watching the outlines of a peace deal emerge behind the scenes?

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In this episode of The Fourcast Indicators, Krishnan Guru-Murthy and Mark Urban examine rising oil prices, shifting sanctions policy, and growing pressure from Gulf states desperate to avoid another escalation in the Strait of Hormuz.

They discuss whether the US and UK are quietly easing pressure on Russian oil as energy markets tighten, what could happen to Iran’s uranium stockpile under a deal, and whether Trump and Netanyahu are still truly aligned as tensions grow over Israel’s conduct and strategy.

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