[MARKET UPDATE] Crude lifts modestly on remarks from Iran's Foreign Ministry, commentary that has supported the USD, hit European and US equity futures and seen fixed falter

The remarks from Iran's Foreign Ministry appear to have created upward pressure on crude prices, which may signal geopolitical tensions affecting supply.

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[MARKET UPDATE] Crude lifts modestly on remarks from Iran's Foreign Ministry, commentary that has supported the USD, hit European and US equity futures and seen fixed falter

Iranian Foreign Ministry spokesperson says Iran has not had any direct negotiations with America; messages from intermediaries discussed; did not partake in Pakistan-led meetings, Tasnim reports; says US demand were excessive.

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This has also supported the USD while negatively impacting European and US equity futures, suggesting a shift in risk sentiment that traders should monitor closely. The interplay between crude prices and equities indicates heightened uncertainty in the markets, potentially affecting overall risk appetite.

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