Claims Iran wants to make a deal and is willing to do things today they weren't willing to do two months ago, emphasizing 'no nuclear weapons' as a key factor.

Reports Trump pointed to opening of Strait of Hormuz and Iranian statement on not pursuing nuclear weapons, but notes both were true before the war, questioning if this is return to status quo or new arrangement.

Highlights the complexity and lack of trust in the diplomatic process, suggesting substantive change is uncertain.

Contrasts European diplomatic approach (viewing peace deal as 6-month process) with Trump administration's style, suggesting administration may be extending ceasefire timeline by weeks.

Notes European ambition to bring calm/stability and that longer ceasefire makes return to hot war less likely, though never off the table.

States oil and gas production recovery will take time; situation will gradually improve but analysis shows it can take up to two years to see a big chunk of production return to pre-war levels.