Member of the Iranian National Security Commission says no proposal has been made by Iran to end the war and cease-fire, and Trump's claim to extend the 5-day deadline is due to the control of oil prices in the global markets

Newsquawk StaffOil newsPublished 24 Mar 2026, 12:53 UTC

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12:42

UK Chancellor Reeves says UK has begun to release its share of GBP 13.5bln barrels of oil, will update on fuel pricing in the next month

12:34

Lufthansa (LHA GY) CFO says expect that even at current prices, we will see a higher bill than we had predicted three or four weeks ago; bookings increased about 20% for this month

12:33

Member of the Iranian National Security Commission says no proposal has been made by Iran to end the war and cease-fire, and Trump's claim to extend the 5-day deadline is due to the control of oil prices in the global markets

12:30

Canadian Manufacturing Sales MoM Prel (Feb) M/M 3.8%

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Member of the National Security Commission: No proposal has been made by Iran to end the war and cease-fire, and Trump's claim to extend the 5-day deadline is due to the control of oil prices in the global markets and probably to advance his sinister military goals.

Context

The comments from the Iranian National Security Commission highlight a lack of progress towards a ceasefire, suggesting ongoing tensions in the region. This could lead to increased volatility in oil prices and related assets, impacting currencies like the USD and JPY as well as commodities such as Brent crude and gold due to heightened geopolitical risk.

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