The White House denies the draft exposed by Iranian media, S&P turns lower, Rubio says to give Iran negotiations "every chance of success," U.S. oil falls more than 5%.

The White House denies the draft exposed by Iranian media, S&P turns lower, Rubio says to give Iran negotiations "every chance of success," U.S. oil falls more than 5%.

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The statements from the Trump administration have dashed hopes for a quick breakthrough in US-Iran negotiations. The White House denied reports from Iranian media regarding the draft exposure about the restoration of pre-war navigation in the Strait of Hormuz. US Secretary of State Rubio stated that the US prefers to solve problems through negotiation and will give negotiation “every chance of success,” but if a “good agreement” cannot be reached, the US will respond “in another way.”

According to reports, on Wednesday the 27th Eastern Time, White House spokesperson Olivia Wales responded to reports from Iranian official media, saying: “As President Trump said, negotiations are progressing smoothly, and he has clearly set out red lines. President Trump will only reach a good agreement for the American people, and this agreement must ensure that Iran will never be able to possess nuclear weapons.”

The White House’s official social media X account also posted: “This report from Iranian official media is false. The ‘memorandum’ they disclosed is completely fabricated. No one should believe the content of Iranian official media.”

After the White House denied the relevant Iranian media reports, two major US stock indexes, S&P 500 and Nasdaq, which had turned higher in early trading, returned to a downward trend, hitting new daily lows during the noon and late morning sessions respectively.

According to CCTV News, earlier on Wednesday, Iranian media disclosed a “preliminary informal document” about the framework of a memorandum of understanding between Iran and the US, involving issues such as the Strait of Hormuz, regional military deployments, and future agreement arrangements.

According to the document, the US will commit to lifting the “maritime blockade” on Iran and withdraw part of its military forces deployed around Iran. In exchange, Iran will gradually restore the commercial vessel traffic in the Strait of Hormuz to pre-escalation levels within a month, but this does not include military vessels. The management and routing of vessel traffic will be jointly coordinated by Iran and Oman.

Rubio states diplomacy is the first choice, but other options exist if it fails

During the noon session of the US stock market on Wednesday, US Secretary of State Rubio pointed out at a White House cabinet meeting that negotiations with Iran have made certain progress.

Rubio stated that US President Trump prefers to resolve issues through diplomatic means, but if diplomacy fails, the US already has other options prepared—this remark likely hints at the possible restart of military actions.

Rubio said that the final result of the negotiations will be either a “good agreement,” or Washington will respond to Iran “in another way.”

Rubio said: “Ultimately, we prefer to reach a diplomatic solution through negotiations, and we will give this path every chance of success.”

After Rubio mentioned giving diplomatic avenues “every chance of success,” international crude oil futures extended their declines. US WTI crude oil fell toward $89, with daily losses expanding to over 5%, approaching the intra-day low under $88 seen in European trading.

Risk Warning and DisclaimerThe market has risks; investment requires caution. This article does not constitute personal investment advice and has not taken individual users’ specific investment objectives, financial situation, or needs into account. Users should consider whether any opinions, views, or conclusions in this article suit their particular circumstances. Investment based on this is at your own risk. ```