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Trump’s revelation of a “very significant” energy concession from Iran comes at a moment when the region feels one misstep away from open conflict. By tying the “present” to oil and gas rather than nuclear issues, he hinted at a quiet bargain: relief in global energy markets in exchange for a pause in escalation around the Strait of Hormuz. The delayed strikes and “productive conversations” suggest both sides are probing for a face‑saving off‑ramp.