Iranian Foreign Ministry spokesperson says there is no dialogue or negotiations with the US; no one trusts US diplomacy. Forces are focussed on defense

The Iranian Foreign Ministry's remarks indicate a firm stance against diplomatic engagement with the U.S., signaling heightened geopolitical tensions. This could escalate energy prices as market participants factor in potential disruptions to oil supply given Iran's regional role. As tensions rise, consider positioning strategies in commodities, particularly in WTI and Brent, where increased risk perception may drive prices upward.