Iran suspects US President Trump's peace talk push is a trick, while Iranian officials told countries attempting to mediate peace talks that they have been tricked twice by Trump and don't want to be fooled again, according to a source cited by Axios

Iran's skepticism towards U.S. peace talks under President Trump suggests a lack of trust, which may escalate tensions and impact market sentiment. This situation can lead to volatility in related assets, particularly oil and currencies linked to geopolitical risk, as uncertainty typically drives traders to safe havens. Expect potential reactions in energy prices, the USD, and equities if the situation worsens.