BREAKING: Trump just drew a red line for any future Iran deal.
No dismantlement.
No agreement.
Trump reportedly told Netanyahu he will not sign a final deal unless Iran's nuclear program is dismantled and all enriched uranium is removed from Iranian territory.
That changes the entire negotiation dynamic.
A ceasefire is one thing.
A permanent settlement is something else entirely.
The real battle was never about reopening trade routes or reducing tensions.
It was always about whether Iran keeps the infrastructure that could one day put it on the doorstep of a nuclear weapon.
This raises the stakes dramatically.
For Iran, accepting these terms would mean surrendering decades of strategic leverage.
For Trump, backing away from them risks undermining the entire purpose of the negotiations.
Here's the market implication:
The path to a deal still exists.
But the hardest issue has now moved to the center of the table.
Diplomacy gets easy when discussing process.
It gets difficult when discussing power.
The final agreement won't be decided by headlines about progress.
It will be decided by what Iran is willing to give up.
And right now, that's the trillion dollar question.