Washington's deal, Tehran's denial — and the barrels the quota can't move

The news, distilled

Trump said on Saturday he would give negotiations more time, after a call from Saudi Crown Prince Mohammed bin Salman. Tehran’s answer, within hours, was that it is not negotiating. A strike package has been stood down on the strength of an agreement only one of the two capitals says exists. That is a thin basis for a peace, and a thinner one for a pric…