Even before Iran cut off direct diplomacy with the US, it was sticking to a hard-line position in negotiations and showed no signs of backing down, WSJ reports
This report underscores Iran's persistent hard-line stance in negotiations with the US, suggesting a prolonged period of heightened tensions in the region.
NY Fed RRP op demand at USD 15.345bln (prev. 0.227bln) across 22 counterparties (prev. 4)
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Even before Iran cut off direct diplomacy with the US, it was sticking to a hard-line position in negotiations and showed no signs of backing down, WSJ reports
China's UN ambassador says Bahraini draft Hormuz resolution contained one-side condemnation and pressure
US sells USD 58bln of 3-year notes; Stop through 1.2bps
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- Tehran told Pakistan, which is mediating talks, that it believed it was winning and that it retained 15k missiles and 45k drones in its arsenal.
- Mediators said the numbers were likely exaggerated but reflected Iran’s unflinching negotiating position.
The potential impact on energy markets and safe-haven assets like gold is significant, as any escalation in conflict could disrupt supply chains and drive demand for haven assets, particularly during sensitive geopolitical moments.
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