French President Macron said he spoke with Iranian President Pezeshkian and called on Iran to engage in good faith negotiations
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US is said to have sent Iran a plan to end the Middle East war, according to NYT
French President Macron said he spoke with Iranian President Pezeshkian and called on Iran to engage in good faith negotiations
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MARKET UPDATE: Stocks rally, crude tumbles, dollar dives and T-notes bid on reports that US is working on a month long cease fire mechanism in Iran
On the Newsquawk feed at , 20 minutes before this page.
Says
- Reiterated to Iran's President the necessity of preserving energy and civilian infrastructure and restoring freedom of navigation in the Strait of Hormuz.
- Told Iran's president to end attacks on regional countries.
Context
Macron's call for Iran to engage in good faith negotiations and to protect energy infrastructure signals a potential for de-escalation in regional tensions, particularly in the crucial Strait of Hormuz. This could affect energy markets, as stability in the region is key to oil supply, impacting prices across commodities, including WTI and gold. Traders should monitor how this dialogue influences risk sentiment and currency movements, particularly for the USD and EUR.
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