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
- 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.
Context
This report underscores Iran's persistent hard-line stance in negotiations with the US, suggesting a prolonged period of heightened tensions in the region. 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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