"Since the start of the war, messages have been sent to Tehran by some mediators, but Iran's clear response has been that it will continue its defence until the required level of deterrence is achieved."
"No negotiations have taken place, and none are currently underway."
"Despite these conflicting accounts, financial markets reacted positively to the announcement of a pause in strikes."
"Investors remain apprehensive, as the fate of the Strait of Hormuz is crucial to energy market stability."
Iranian news agencies reported no negotiations with the U.S. following Trump's claims of productive talks leading to a military strike postponement. Tasnim stated that Trump's announcement reflects fear of Iranian retaliation rather than diplomatic progress. Iran's response has been to continue its defense until achieving necessary deterrence. Financial markets reacted positively to the announcement, with Brent crude oil prices and UK gas prices dropping, while the FTSE 100 index gained. However, uncertainty remains regarding the Strait of Hormuz's impact on energy market stability.
Read at London Business News | Londonlovesbusiness.com
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