US President Trump's envoy secretly met Iran's exiled crown prince, Reza Pahlavi, to discuss the Iran protests; Pahlavi is trying to position himself to step in as a "transitional" leader if the regime falls, via Axios
This news signals a potential shift in U.S.-Iran relations amidst ongoing protests in Iran, and Reza Pahlavi's positioning may indicate a search for a transition in leadership.
NY Fed RRP op demand at USD 3.3bln (prev. 3.4bln) across 5 counterparties (prev. 11)
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US President Trump's envoy secretly met Iran's exiled crown prince, Reza Pahlavi, to discuss the Iran protests; Pahlavi is trying to position himself to step in as a "transitional" leader if the regime falls, via Axios
[MARKET UPDATE]: Crude complex sees upside amid punchy Trump Iran rhetoric
Trump Administration appears to have ended its US trade probe into pharmaceutical imports, according to End Point News
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Watch for market reactions in oil and gold, as geopolitical uncertainty could escalate volatility in these assets. The implications for the USD and broader risk sentiment could also be significant, depending on how the situation evolves.
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