Iranian President Masoud Pezeshkian spoke briefly with NBC News and other news organizations on the sidelines of the United Nations General Assembly:“We wish Americans to return to the MOU before the midterms.”“We don’t want it to get to the midterm elections.”Analysis: The timing is the message. Pezeshkian is signaling that Tehran would prefer progress before the US midterms. For traders, the next question is whether the two sides take concrete steps toward talks. His comments alone do not establish that an agreement is close.Fox News is expected to air an interview with Pezeshkian at 6 p.m. It is unclear whether these remarks are part of that interview. On their face, his comments suggest he wants a deal before the US midterm elections. The question is whether that willingness turns into action. We have heard talk of a deal before, only to see negotiations stall. Traders will be looking for concrete steps from both sides.Crude oil fell from a high of $96.78 to $93.30 following reports of a possible reopening of the Strait of Hormuz and an end to the US blockade. The decline did not hold. Oil rebounded to $95.66 and is trading at $94.96 currently. That back-and-forth tells me traders are weighing the possibility of a deal, but are not yet convinced it will happen. This article was written by Greg Michalowski at investinglive.com.