Iran's Rahimi to Al-Mayadeen, says the negotiations were not conducted by telephone as Trump claims, but rather through the Pakistani mediator and sometimes through an exchange of messages with Iran's FM Araqchi

The clarification from Iran's Rahimi regarding the negotiation process suggests a more intricate diplomatic avenue involving a third-party mediator.

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Sides between US and Iran remain far apart, however, on the substantive issues of reopening the Strait of Hormuz and Iran's nuclear programme, WSJ reports, citing sources, an indication negotiations will continue to be fraught

Head of the Iranian Parliament News Agency says Iran informed the countries of the region, led by the UAE, that if the war is renewed, Iran will direct devastating strikes against oil wells, Al Mayadeen reports

Iran's Rahimi to Al-Mayadeen, says the negotiations were not conducted by telephone as Trump claims, but rather through the Pakistani mediator and sometimes through an exchange of messages with Iran's FM Araqchi

NY Fed RRP op demand at 0.607bln (prev. 8.261bln) across 5 counterparties (prev. 12)

Baker Hughes Rig Count: Oil -1 at 408, Nat gas +1 at 130, Total +3 at 547

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This might indicate a deeper level of engagement than previously understood, impacting market sentiment around risk and geopolitical stability, particularly in energy markets and currencies linked to the region.

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