CNN White House Correspondent Treene posts "Many in Trump’s orbit want Pakistani mediators to be far more direct in their communications with the Iranians", adds "some Trump aides say that he is now more seriously considering a resumption of major combat"

The excerpt highlights rising tensions regarding U.S.-Iran negotiations, with some Trump officials advocating for renewed military action, potentially signaling a shift towards a more aggressive stance.

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Japanese Finance Minister Katayama says had meeting with US Treasury Secretary Bessent and discussed financial market situation, including forex, while she reaffirmed close cooperation based on joint statement last year

PRE-MARKET TAIWAN & SINGAPORE STOCK NEWS: SIA Engineering (SIE SP) - Co. FY (SGD) net 168.9mln (prev. 139.6mln Y/Y), rev. 1.42bln (prev. 1.25bln Y/Y)

CNN White House Correspondent Treene posts "Many in Trump’s orbit want Pakistani mediators to be far more direct in their communications with the Iranians", adds "some Trump aides say that he is now more seriously considering a resumption of major combat"

Alphabet (GOOG) issued pricing guidance for multi-tranche 3-year and 15-year yen-denominated bond offering

US Treasury Secretary Bessent congratulates Japan on economic resiliency, given what is happening in the Middle East, during a trip to Tokyo

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Says:

  • "Some Trump officials have long questioned whether the Pakistanis are aggressively conveying Trump’s displeasure with the state of talks, as Trump has done publicly. Some administration officials also believe that Pakistan is often sharing a more positive version of the Iranian position with the US than what reflects reality, two of the sources said."
  • "There are different camps within the administration that are recommending alternating paths for how to proceed, the sources said. Some have argued for a more aggressive approach to pressuring the Iranians to the table — including targeted strikes that further weaken Tehran’s position. Others, however, are still pushing to give diplomacy a fair shot, the sources said."
  • "Trump has grown increasingly frustrated with how the Iranians are handling negotiations to end the war, and some Trump aides say that he is now more seriously considering a resumption of major combat operations than he has in recent weeks."
  • "Trump met with again with his national security team at the White House on Monday to discuss options moving forward. Sources familiar with the talks say a major decision on how to proceed is unlikely to be made prior to the president’s departure to China, which is slated for Tuesday afternoon."
Context

This could impact energy markets, especially oil, as concerns over conflict escalate, and create volatility in currency markets, particularly for the USD against JPY and EUR due to risk sentiment fluctuations. If Trump leans towards military action, expect increased demand for safe havens like gold and broader implications for equity markets.

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