[ANALYSIS] Iranian War Day 76: US pushes diplomacy, Iranian Foreign Minister says “We do not seek war”
Newsquawk Staff ·
OVERVIEW
- US VP Vance said the US is still focused on a diplomatic pathway with Iran, although Washington continues to insist Tehran must not obtain nuclear weapons.
- Iran warned new confrontations with the US remain possible and said it is preparing new navigation laws for the Strait of Hormuz.
- Reports suggested China and regional actors continued to deepen involvement around the conflict and its wider geopolitical fallout.
- Hezbollah and Israeli operations in southern Lebanon continued alongside wider regional security incidents.
US-IRAN
- Vance said the US thinks it is making progress in talks with Iran and remains focused on diplomacy “for now”.
- Vance reiterated that Iran should not possess nuclear weapons.
- US Secretary of State Rubio said the US hopes to convince China to play a more active role in persuading Iran to back down in the Gulf.
- Iran’s NSC spokesperson said new confrontations with the US are possible and Tehran is preparing legislation regarding navigation in the Strait of Hormuz.
- The spokesperson said Iran forced the US to back down and blamed Washington for escalation.
- Iranian Foreign Minister Araghchi said Iranian forces are prepared to deliver a “crushing and devastating response” to aggressors but added “We do not seek war”.
- Araghchi said the Strait of Hormuz remains open to commercial shipping provided vessels cooperate with Iranian naval forces.
- Araghchi said Iran hopes the situation ends with the lifting of the “illegal blockade imposed by America”.
IRAN-KUWAIT
- Iran’s Foreign Minister accused Kuwait of unlawfully attacking an Iranian boat and detaining four Iranian citizens in the Persian Gulf.
- Iran said the incident took place near an island allegedly used by the US to attack Iran.
- Tehran demanded the immediate release of the detained Iranians and reserved the right to respond.
SHIPPING
- Iran is reportedly using the Caspian Sea, highways and a railroad to China to bypass the US blockade of Hormuz.
- UKMTO reported a vessel northeast of Fujairah was taken by unauthorised personnel while at anchor and was heading toward Iranian territorial waters.
- US and Israeli militaries have reportedly developed plans for renewed strikes on Iran after the US midterm elections, targeting energy infrastructure, nuclear facilities and missile and drone arsenals, NYT reports, citing sources
- US Market Wrap: Stocks gain as tech earnings begin
- US waives Russian diesel tax record requirements for buyers
- CRUDE WRAP: WTI (Z6) SETTLES USD 0.67 LOWER AT 97.15/BBL; BRENT (X6) SETTLES USD 0.03 HIGHER AT USD 108.82/BBL
- Ukrainian President Zelensky says supports US proposal for trilateral talks at level of negotiators as soon as possible; Ukraine hopes for meeting not later than early November; Meeting could discuss peace and possible leaders’ summit
Related headlines
- [MARKET UPDATE] Risk-on trade seen at 12:39EDT/17:39BST with desks citing OFAC authorising offloading of some cargo involving some blocked vessels; Downside in oil, equity futures hit new session highs, gold and bonds rallied, while USD saw pressure6 hours ago
- US President Trump says on embassy staff told to depart, says don't know that they are; we continue to beat Iran3 hours ago
- US President Trump says he had a good meeting on cyber; On embassy staff told to depart, says don't know that they are3 hours ago
- Canadian PM Carney says he spoke to US President Trump on Wednesday for quite some time; he discussed a wide range of issues with US President Trump, including Iran4 hours ago
- US President Trump says closest they've ever been to settling Ukraine/Russia war4 hours ago
- PRE-MARKET AUSTRALIAN STOCK NEWS: CSL names new CEO and faces class action; Fortescue Q1 sales hit by CMRG talks; Garda upgrades FY27 guidance on AUD 300mln portfolio sale1 hour ago
- Saudi Civil Aviation says King Fahd Airport in Dammam was attacked on Wednesday evening, Al Arabiya reports1 hour ago
- Explosions were reportedly heard in Iran's port city of Sirik, with claims that US forces struck an anti-ship missile launcher targeting vessels in the Strait of Hormuz, Israel's Channel 12 reports2 hours ago
- Newsquawk Daily Asia-Pac Opening News - 22nd October 20263 hours ago
- New Zealand CPI (Q3 QQ) 0.7% vs. Exp. 0.8% (Prev. 1.5%); Y/Y 3.7% vs Exp. 3.8% (Prev. 4.1%)2 hours ago
- Lam Research (LRCX) Q1 2027 (USD): Adj. EPS 2.20 (exp. 2.18), Revenue 8.22bln (exp. 8.13bln), 3 hours ago
- Meta Platforms Inc (META) Q3 2026 (USD): EPS 3.83 (exp. 6.67), Revenue 64.6bln (exp. 63.31bln)3 hours ago
- Meta (META) must pay USD 25bln in penalties, a New Mexico judge ruled after jury found company misled consumers about privacy6 hours ago
- LSEG (LSEG LN) is nearing a USD 3.5bln deal to acquire credit data firm Octus from Permira, with an announcement possible on Thursday, FT reports1 hour ago
- US Treasury sells USD 13bln of 20-year bonds; tails 0.9bps6 hours ago