US President Trump says the Iranian war will end soon; says Iran is "not ready" for deal; cost of conflict is "negligible"; declines to comment on ground troops in Iran
Newsquawk Staff ·
US President Trump says the Iranian war will end soon; says Iran is "not ready" for deal; cost of conflict is "negligible"; declines to comment on ground troops in Iran.
What it means
President Trump's remarks suggesting that the Iranian conflict will conclude soon, alongside his assessment that Iran is "not ready" for a deal, may ease immediate geopolitical tensions but signal ongoing volatility. The phrase regarding the conflict's "negligible" cost might suggest he does not foresee significant economic repercussions, which could impact market sentiment towards risk assets and commodities like oil and gold. Traders should watch for potential reactions in currencies, particularly USD and JPY, as well as equities and energy markets depending on how these comments influence investor perception on stability in the region.
- Al-Mayadeen correspondent in Iran says Iranian officials believe that Trump wants to bring the nuclear issue into the negotiations, which Iran rejects
- Ukrainian President Zelensky says negotiations between Ukraine, Russia and the US could take place as early as November 10th
- US Midterms (6 days out): Florida flips to a Republican early-vote lead and Kansas narrows further; Crystal Ball shifts House and Senate races towards Democrats
- Israeli election results show Netanyahu's bloc with 53 seats, Eisenkot's bloc with 47 and Arab parties with 19, following the counting of all votes excluding double-envelope ballots, i24 reports
- Atomic Energy Organization of Iran Spokesman says protocol for building small reactors with Russia is being finalized
Related headlines
- Russian Deputy PM Novak says they are open to work with US partners on energy, but there are no current discussions around a return to specific projects4 hours ago
- Senior US Treasury trade official Eric Ettorre will leave to join Netflix (NFLX), reports Axios1 hour ago
- US EQUITY OPEN: Indices rangebound ahead of FOMC and major earnings39 min ago
- Phillips 66 (PSX) Q3 2026 (USD): Adj. EPS 14.08 (exp. 11.73)4 hours ago
- UK DMO says gross gilt issuance planned for 2026/27 is GBP 250.6bln (exp. 249.6bln, prev. 246.2bln in April remit)1 hour ago
- Amphenol (APH) Q3 2026 (USD): Adj. EPS 0.80 (exp. 0.73), Sales 10.2bln (exp. 9.49bln)2 hours ago
- GE Vernova (GEV) expects USD 50-100mln of annual cost synergies from Trench by 2030, according to the conference call2 hours ago
- Etsy Inc. (ETSY) Q3 2026 (USD): EPS 1.00 (exp. 0.77), Revenue 692mln (exp. 668mln)3 hours ago
- Garmin Ltd. (GRMN) Q3 2026 (USD): Adj. EPS 2.76 (exp. 2.41), Revenue 1.99bln (exp. 1.99bln)3 hours ago
- Aon (AON) Q3 (USD): Adj. EPS 3.36 (exp. 3.30), Revenue 4.1bln (exp. 4.08bln)4 hours ago
- Automatic Data Processing (ADP) Q3 2026 (USD): Adj. EPS 2.82 (exp. 2.77), Revenue 5.5bln (exp. 5.48bln). FY revenue growth view of 6%, adj. EPS growth view of 10-12% 3 hours ago
- EIA Expectations: Crude +0.35M, Distillate -0.63M, Gasoline -1M34 min ago
- Satellite imagery indicates significant damage to the main refining unit at Saudi Arabia's Ras Tanura (550k BPD) refinery following a strike by Yemeni armed forces, leaving the unit inoperable, Fars reports2 hours ago
- UK Budget, 28th October 2026: An uneventful budget expected, but the reaction risks are skewed negative3 hours ago
- ADNOC reportedly informed some Asian refiners that it may begin delivering Upper Zakum crude via a new pipeline to the Fujairah terminal in early 2027, allowing shipments to bypass the disrupted Strait of Hormuz, according to Bloomberg28 min ago