US Envoy Witkoff says US President Trump wants a peace deal; believes there will be a meeting with Iran this week; expect an answer from Iran on 15-point proposal
- Enrichment and stockpiling are red lines for us.
- "We have an extension of the deadline. We see this as a very positive thing. We are negotiating with the Iranians. We may have a different definition of negotiations than they do. But we are talking to them. We have proposed (to meet). We think there will be meetings this week. We certainly hope so. Ships are passing (through the Strait of Hormuz) and that is a good sign. The president wants a peace agreement. But without pressure, no one is brought to the table. We are prepared to solve this through diplomatic means. There is no enrichment. There will be no second North Korea in the Middle East. We have a 15-point plan on the table. We expect a response from the Iranians. That could solve everything." via Axios
Context
The remarks from the US Envoy indicate a renewed focus on diplomatic negotiations with Iran, highlighting a potential peace deal which could influence market sentiment. If successful, this could lead to a reduction in geopolitical tensions in the Middle East, affecting oil prices and broader market stability. Watch for market movements, particularly in energy and currencies, as developments unfold this week.
Trade the TapeGet this analysis live, the moment it breaksNewsquawk's real-time dashboard delivers market-moving headlines and instant context to your desk before the rest of the market reacts.
Open Dashboard#UNITED STATES#USD#EUR#JAPAN#JPY#UNITED KINGDOM#GBP#ASIA#EUROPE#IMPORTANT#FOREX#EQUITIES#ENERGY#US SESSION#DOW JONES INDUSTRIAL AVERAGE#WTI#COMMODITIES#GOLD#S&P 500 INDEX#NASDAQ 100 INDEX#BRENT CRUDE#DXY#TRUMP