[MARKET UPDATE] Markets pare some of the earlier escalatory moves as Israel denies attacks in Iran, while a journalist implies Ghalibaf news is false and as Iran air defense activation was reportedly a test

The denial of Israeli attacks in Iran and the assertion that journalist claims about Ghalibaf are false appear to be easing some earlier market tensions.

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SNB Vice Chairman says SNB has a greater willingness to intervene in the FX market, via RTS

Iranian Media Journalist Khalili says resignation of Ghalibaf from the chairmanship of the negotiating delegation is not true

[MARKET UPDATE] Markets pare some of the earlier escalatory moves as Israel denies attacks in Iran, while a journalist implies Ghalibaf news is false and as Iran air defense activation was reportedly a test

Iranian media says activating air defenses in Tehran was a test, via Al Araby

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This suggests a potential stabilization in geopolitical sentiments, which could be supportive for risk assets as fears of escalation diminish, particularly in oil markets and related equities.

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