A senior Iranian official says the new Supreme Leader rejected proposals that were sent to Iran's Foreign Ministry by two intermediary countries, with the Leader stating it is not the right time for peace and that US and Israel must be defeated
Newsquawk Staff ·
A senior Iranian official says the new Supreme Leader rejected proposals that were sent to Iran's Foreign Ministry by two intermediary countries, with the Leader stating it is not the right time for peace and that US and Israel must be defeated.
What it means
This statement from a senior Iranian official highlights a rejection of peace proposals during a critical time, reinforcing existing tensions in the region. Such rhetoric could escalate tensions, impacting oil prices and creating volatility in safe-haven assets like gold and the USD as market participants factor in the geopolitical risks associated with US and Israeli relations with Iran.
- Netanyahu’s Likud Party to be largest in Knesset, reports Channel 12 Exit Poll; no clear winner in Israeli election
- CRUDE WRAP: WTI (Z6) SETTLES USD 1.86 LOWER AT 99.90/BBL; BRENT (F7) SETTLES USD 1.33 LOWER AT 109.41/BBL
- Iranian President Pezeshkian, at a meeting with Russian President Putin, says there is no point in hoping for the US to resolve problems in the Middle East
- Russian Foreign Minister Lavrov says the Ukraine conflict is likely to continue and will likely escalate. Leaders of Finland and Norway raised no new proposals.
- US EQUITY OPEN: Indices in the green as Tech sector outperforms as earnings continue
Related headlines
- Israeli PM Netanyahu requests extension of voting in the legislative elections until after 10pm4 hours ago
- Iranian President Pezeshkian and Russian President Putin discussed energy cooperation and trade3 hours ago
- Russian refineries’ crude processing up 25% since drone attacks stopped in mid-October, according to reports, citing sources3 hours ago
- Russian President Putin says he discussed the situation in the Middle East one-on-one with Iranian President Pezeshkian and it is a reason for concern, according to Russian press3 hours ago
- Russian Deputy PM Novak says domestic refineries are bringing units back online very quickly following maintenance. Russia and the US could begin cooperating on Arctic LNG projects5 hours ago
- US President Trump says believes I will visit tanker in Texas with Venezuela oil; thinks Secretary of State Rubio will be with him; we are going to accept 1mln bbls of Venezuelan oil4 hours ago
- PREVIEW: Federal Reserve Rate Decision due Wednesday, October 28th at 18:00GMT/14:00EDT3 hours ago
- US President Trump says the US will officially ban the term "AI/Artifical Intelligence", due to inaccuracy 4 hours ago
- US President Trump on Truth says "Consumer Confidence is up 7.5%, an extremely big rise"4 hours ago
- US President Trump posts "Congratulations to Lorne Doerkson on his Big Victory. Conservatives are moving strong in Canada!"5 hours ago
- US and Russia are discussing potential postwar business deals, including JV for US oil majors off Sakhalin and resumed sales via the Druzhba pipeline, as part of wider talks to end the war in Ukraine, reports FT citing sources1 hour ago
- Violating oil tanker catches fire after hitting a mine in the eastern Strait of Hormuz, reports Irib7 hours ago
- Falling debris over Saudi Arabia's Riyadh reportedly caused damage, SPA reports5 hours ago
- Yemeni Houthis claim to have struck Saudi Arabia's Defence Ministry in Riyadh with a ballistic missile6 hours ago
- US sells USD 70bln of 5-year notes; Tail 0.4bps3 hours ago