[MARKET UPDATE] Pressure in the crude complex following remarks from the Iranian Foreign Minister; upside in the fixed income & equities complex also seen

• Earlier: Iranian Foreign Ministry spokesperson Baghaei says negotiations with the US could be pursued based on national interests. 

The remarks from the Iranian Foreign Minister suggesting a willingness to negotiate with the US are likely fueling pressure in the crude oil market, as increased dialogue could indicate a potential easing of sanctions or supply disruptions. This shift may improve sentiment in the fixed income and equities markets as traders anticipate a more stable geopolitical landscape, potentially supporting risk appetite going forward.