Uddrag fra Zerohedge:
It did not take long for the denials to emerge. Iran’s semi-official Fars news agency (which is the propaganda arm of the IRGC so take it with lots of salt)said that anonymous Iranian source, Iran is not in contact with Trump adding that “there is no direct or indirect communication with Trump.”
“He retreated after hearing that our targets would be all power plants in West Asia,” Fars said. A similar denial came from the semi-official Tasnim news reports which said that Iran is not in talks and there have been no talks with US President Donald Trump. It added that Iran will continue to respond and defend country; Strait of Hormuz won’t return to pre-war status through psychological operations. Trump’s social media statement is “psychological warfare”
Caught between this headline pingpong, oil rebounded and stocks retreating modestly on the news.
- *IRAN’S TASNIM: THERE HAVE BEEN NO TALKS, THERE ARE NO TALKS
- *IRAN’S TASNIM NEWS CALLS TRUMP COMMENT PSYCHOLOGICAL WARFARE
- *IRAN’S TASNIM NEWS CITES SENIOR SECURITY OFFICIAL
- *IRAN’S TASNIM: WE WILL CONTINUE TO RESPOND AND DEFEND COUNTRY
Yields are rebounding higher, along with oil as stocks retreat from earlier gains…
So who’s lying, and is the truth somewhere inbetween the bombastic headlines?
The key now will be how Donald Trump takes the Iranian response. There’s a chance he will find the situation embarrassing and that matters to markets because he would be more likely to swing back towards a more belligerent stance.
And while we wait, let’s take a closer look at global markets prior to the Trump headline, they were all sharply led on the downside by KOSPI which plunged 6.5%. China – SHCOMP and SHPROP were lower by 350bps as well with news outlets highlighting China as a % of global GDP is on the decline. Europe holding on a relative basis but major indices (were) down ~200bps. In commodities, European gas continues reverses previously up 5% to $65 to now down 5% to $55 – still essentially doubling vs. a month ago. Crude (was) steady but elevated with WTI approaching $99 (now $85 post headlines … ).
Precious metals (were) weak with gold off 500bps to $4,270 (now approaching flattish). Yields remain the other part of this difficult equation with the 10-year up to 4.43% (now 4.38%) highest levels since July, breaking out above levels earlier in 2026 despite additional rate cuts now potentially back on the table in market expectations. Dollar following with DXY above $100. Bitcoin flattish but closer to local lows $68.6k (now $71.6k). Macro trading likely to dominate trading & price action today, particularly in light on quiet micro backdrop this morning. The only data on deck is the Chicago Fed and Construction Spending. On the data front, we’ll get US construction spending, Eurozone consumer confidence and Japanese CPI later this morning. Fed’s Miran speaks at 8:45am.
