US officials cited by Iran International says Iran's response to the US proposal has blocked the path to a diplomatic solution with Tehran; "The next steps by Trump after receiving Iran's negative response are still unclear"
The reported blockage of diplomatic solutions between the US and Iran raises concerns about potential further escalation in the region, which could weigh on markets.
Talk of UK Cabinet resignations today. However, Mail on Sunday's Hodges expects such interventions to start later in the week, would be surprised to see any today
Israeli PM Netanyahu is holding security consultations following Iran’s response to the US proposal
US officials cited by Iran International says Iran's response to the US proposal has blocked the path to a diplomatic solution with Tehran; "The next steps by Trump after receiving Iran's negative response are still unclear"
UK MP West says, ahead of PM Starmer's speech “If it’s an amazing speech, then I will think twice about asking the Parliamentary Labour Party for their support.”, Telegraph's Diver
BoE's Greene says it is worth waiting a little while to see what happens with the Middle Eastern war and how it will propagate through the economy, speaking to Bloomberg's Odd Lots podcast
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This uncertainty may impact risk sentiment across assets like equities and commodities, particularly oil and gold, as geopolitical tensions often drive safe-haven assets higher. Investors will likely monitor this situation closely for any further developments or responses from the US administration.
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