TRUMP: Gasoline prices will fall as they did before.

Early today (May 28), the head of Iran's parliamentary National Security BOARD said Iran will not back down because of remarks by US President TRUMP and will "uphold its red lines" in talks with the United States — specifying those red lines as its uranium enrichment capacity and stock of enriched uranium, control of the Strait of Hormuz, and the lifting of sanctions. Earlier, TRUMP told a cabinet meeting he was dissatisfied with progress in US‑Iran talks, would not accept a new Strait of Hormuz management mechanism being negotiated between Iran and Oman, is not considering easing sanctions on Iran for now, and would not accept reaching an agreement first and then negotiating the nuclear issue further.

European Central Bank governing council member MAKHLOUF says any Iran peace deal will be a factor in rate decisions; unlikely to clearly signal a return to pre-war conditions