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Traders cite unverified reports citing Iranian TV that all diplomatic channels and indirect talks have been frozen following Trump's latest threats; DESK UNABLE TO VERIFY - treat with caution

The reports of frozen diplomatic channels and indirect talks with Iran introduce a notable escalation in tensions, which may affect market sentiment, particularly in energy and forex.

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US Redbook YoY (Apr/04) Y/Y 7.6%

An Israeli source told i24NEWS that even at this stage, the assessment in Israel is that there will be no breakthrough in the negotiations between the US and Iran

Traders cite unverified reports citing Iranian TV that all diplomatic channels and indirect talks have been frozen following Trump's latest threats; DESK UNABLE TO VERIFY - treat with caution

Communication with Iran is ongoing and intensive efforts are being made to bring both sides to the negotiating table, Al Mayadeen reports citing sources

Fed's Williams (voter) thinks Iran will go directly into headline inflation given energy; inflation this year should be around 2.75%

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Traders should be cautious, as unverified rumors can lead to volatility but may not reflect a sustainable shift in the geopolitical landscape. Watch for reactions in oil prices and safe-haven currencies, as these could be the clearest expressions of market sentiment.

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