US President Trump says US is doing well in Iran; Iran will not have nuclear weapons; says we want to talk to Iran, but there are no leaders left to talk to
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Iran Supreme Leader says he firmly believes in strengthening relations with neighbouring countries
Kuwait says refinery fire was brought under control; no injuries
US President Trump says US is doing well in Iran; Iran will not have nuclear weapons; says we want to talk to Iran, but there are no leaders left to talk to
Mexico FinMin says the nation has a neutral fiscal effect from oil turmoil; anticipates that exports will offset higher oil prices
Paramount Skydance (PSKY) unit CBS is reportedly set to lay-off 6% of its workforce
On the Newsquawk feed at , 20 minutes before this page.
Context
President Trump's comments suggest a more stable U.S. stance towards Iran, emphasizing a desire for dialogue amid nuclear development concerns. This may reduce geopolitical risk premiums in markets, particularly for oil and safe-haven assets like gold, while potentially strengthening the USD as it reflects relative calm. However, the mention of a lack of leadership in Iran indicates that negotiations remain uncertain, keeping the situation fluid.
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