{"id":74573,"date":"2026-11-12T09:38:16","date_gmt":"2026-11-12T13:38:16","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/trump-abandons-iran-negotiations-sending-energy-prices-higher-as-equity-futures-slump\/74573\/"},"modified":"2026-11-12T09:38:16","modified_gmt":"2026-11-12T13:38:16","slug":"trump-abandons-iran-negotiations-sending-energy-prices-higher-as-equity-futures-slump","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/trump-abandons-iran-negotiations-sending-energy-prices-higher-as-equity-futures-slump\/74573\/","title":{"rendered":"Trump Abandons Iran Negotiations, Sending Energy Prices Higher as Equity Futures Slump"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>President Trump declared the U.S. no longer needs a deal with Iran<\/strong>, effectively ending months of diplomatic efforts and causing <strong>Brent crude to climb 1%<\/strong> to over <strong>$94 per barrel<\/strong>.<\/li>\n<li><strong>Equity markets reacted sharply to the geopolitical pivot<\/strong>, with <strong>Nasdaq 100 futures (<a href=\"\/stock\/NDX\">NDX<\/a>) dropping 1.4%<\/strong> and <strong><a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&amp;P 500<\/a> futures (<a href=\"\/stock\/SPX\">SPX<\/a>) sliding 0.7%<\/strong> in early Thursday trading.<\/li>\n<li><strong>European natural gas prices surged as much as 5.2%<\/strong> as the prospect of a resolution to the eight-month conflict faded, reviving fears of winter supply disruptions.<\/li>\n<li><strong>Vice President JD Vance has been reassigned<\/strong> from his role as lead negotiator with Iran to focus on domestic issues, signaling a hardline shift in administration policy.<\/li>\n<\/ul>\n<h2>Market Turmoil Follows Diplomatic Collapse<\/h2>\n<p>U.S. equity futures extended their decline on Thursday morning after <strong>President Donald Trump<\/strong> abruptly signaled an end to negotiations aimed at resolving the conflict with Iran. The <strong>Nasdaq 100 (<a href=\"\/stock\/NDX\">NDX<\/a>)<\/strong> led the retreat with a <strong>1.4% drop<\/strong>, while the <strong>S&amp;P 500 (<a href=\"\/stock\/SPX\">SPX<\/a>)<\/strong> fell <strong>0.7%<\/strong>. Investors, who had previously priced in a &quot;peace premium&quot; following the recent midterm elections, were caught off guard by the administration&#39;s return to a more confrontational stance.<\/p>\n<p>The shift in sentiment follows a series of Truth Social posts where Trump stated, <strong>&quot;We don&#39;t need a deal with Iran,&quot;<\/strong> adding that &quot;those days have long since passed.&quot; This rhetoric marks a significant departure from earlier in the week when the administration hinted at &quot;positive momentum&quot; toward ending the eight-month war.<\/p>\n<h2>Energy Markets React to Supply Risks<\/h2>\n<p>Energy commodities immediately erased earlier losses as the risk of prolonged instability in the <strong>Strait of Hormuz<\/strong> returned to the forefront. <strong>Brent crude<\/strong> rose <strong>1%<\/strong> to reach <strong>$94.01 per barrel<\/strong>, reversing a downward trend that had seen prices dip below $90 earlier in the week. Analysts noted that the president&#39;s claim that the U.S. &quot;has its own strait&quot; suggests a reliance on domestic production and military control rather than diplomatic concessions.<\/p>\n<p>In Europe, the impact was even more pronounced. <strong>European natural gas prices<\/strong> jumped by <strong>5.2%<\/strong>, as traders reassessed the likelihood of normalized liquefied natural gas (LNG) flows ahead of the peak winter heating season. The benchmark Dutch TTF contract rebounded sharply, reflecting deep-seated anxieties over the fragility of global energy supply chains without a formal peace agreement.<\/p>\n<h2>Geopolitical Pivot and Domestic Focus<\/h2>\n<p>The administration&#39;s decision to walk away from the table includes a major reshuffling of personnel. Trump announced that <strong>Vice President JD Vance<\/strong>, who had been leading face-to-face talks in the region, would now focus his attention on &quot;corruption and crime&quot; in Democratic-run cities. This move effectively sidelines the diplomatic track that had been the primary hope for reopening key maritime routes.<\/p>\n<p>Market participants are now bracing for potential retaliation. Iranian security officials have already issued warnings that U.S. military bases across Europe and the Middle East could become &quot;legitimate targets&quot; if hostilities resume. With the <strong>U.S. Energy Information Administration (EIA)<\/strong> forecasting Brent prices to remain near <strong>$100<\/strong> through the end of the year if tensions persist, the economic fallout of this policy shift remains a primary concern for global markets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways President Trump declared the U.S. no longer needs a deal with Iran, effectively ending months of diplomatic efforts [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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