Tehran signals cautious openness via backchannels, even as it publicly rejects talks with Washington.
Iran War
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Futures & Commodities
Oil Drops as Iran Signals Limited Access Through Hormuz
by Daphne Dougnby Daphne DougnCrude falls 5% as Tehran allows “non-hostile” ships passage, easing worst-case supply fears.
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POLITICS
U.S. Sends Iran 15-Point Plan to End War, Trump Says Talks Underway
by Dean Dougnby Dean DougnBackchannel diplomacy intensifies as Washington claims progress—while Tehran denies direct negotiations.
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Tehran suspects negotiations could be a ploy to target senior leaders as trust collapses in wartime diplomacy.
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POLITICS
Trump says US making headway in talks with senior Iranian official
by Dean Dougnby Dean DougnConflicting signals on backchannel negotiations rattle markets as diplomacy and escalation collide in the Gulf.
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Memphis speech outlines U.S. strategy: overwhelming force paired with coercive diplomacy to force Tehran into negotiations.
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ADNOC chief warns global energy security at risk as tanker traffic halts through key oil chokepoint.
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Islamabad steps in as potential mediator as Trump signals progress—while Tehran denies negotiations are underway.
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POLITICS
Trump Insists ‘We Are Very Intent on Making a Deal’ with Iran Despite Tehran’s Denial
by Dean Dougnby Dean DougnPresident doubles down on talks via Kushner and Witkoff; oil tumbles, stocks rally as markets price in potential breakthrough
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Futures & Commodities
Gold Rebounds as Trump Pauses Strikes, Markets Turn Risk-On
by Dean Dougnby Dean DougnPrecious metals recover from sharp losses as de-escalation hopes trigger a shift from safe havens to equities.