Russia Foreign Minister Lavrov says that the US has never offered concessions to Russia over the Ukraine conflict in exchange for Moscow’s assistance in resolving the Iranian issue, Interfax reports
The remark knocks down a linkage that has periodically surfaced in back-channel reporting: that Washington might trade movement on Ukraine for Russian cooperation on Iran.
Saudi Civil Defense says "danger has passed from Mecca, Taif, and Jeddah"
Several explosions were reported in Saudi Arabia's Taif, according to SNN; Saudi civil defense says early warning systems have been activated in Taif, Mecca and Jeddah
Russia Foreign Minister Lavrov says that the US has never offered concessions to Russia over the Ukraine conflict in exchange for Moscow’s assistance in resolving the Iranian issue, Interfax reports
India’s consumer regulator is investigating Apple’s (AAPL) software warranty terms and alleges customers faced “exorbitant” repair costs following Apple software updates
UK sells GBP 1.25bln 2029 Gilt via Tender: b/c 3.65x (prev. 3.61x), average yield 4.818% (prev. 4.062%)
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- Says Russia will fulfil all supply obligations despite Western obstacles and is restructuring logistics to bypass them
Denials of this kind are a standard feature of multi-theatre diplomacy, where each side has an interest in publicly decoupling issues even while contacts continue, and historically the denial itself carries less signal than which side felt the need to make it. The added line on fulfilling supply obligations and restructuring logistics around Western obstacles is the more market-relevant strand, fitting the established pattern of sanctioned exporters rerouting crude and products through shadow fleets, intermediaries and alternative payment channels, which compresses official discount differentials over time even as freight and insurance costs stay elevated. Statements from this particular minister have tended to be posture-setting ahead of negotiations rather than announcements of policy change, so the usual sequence is a quiet test of whether actual cargoes, sanction designations or diplomatic scheduling move in the following weeks. The follow-ons worth noting are any shift in enforcement posture toward Russian shipping and insurance, and whether either capital repeats or contradicts the no-linkage framing, since repetition across officials is what has historically marked a genuine dead end for a proposed trade.
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