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Forex Yesterday saw market sentiment towards Iran move away from confidence and back towards concern about military re-escalation, with reports emerging that Trump is considering restarting combat operations and the President's own social media message that the ceasefire is on 'life support'. This makes the Trump-Xi meeting, which is due to begin today, even more significant. China has significant leverage over Iran as one of its largest oil customers. Could the rumors of res

Forex Yesterday saw an unusually quiet day for recent times, with no real news coming out of the US-Iran conflict. Trump made some comments about the ceasefire being on shaky foundations, but this was already priced into the market and so did not have a significant effect. All eyes seem to be focused on the Trump & Xi meeting later this week, the outcome of which could shape the conflict moving forward. China is Iran's largest oil consumer, meaning Xi has significant leverage

Forex As has been the case since the start of the war, the key news over the weekend has been from the Middle East. Iran has responded to the US proposal, and Trump has posted on social media that their response is 'totally unacceptable' - there are reports that Iran's proposal demanded recognition of sovereignty over the Strait of Hormuz, compensation for war damages, and notably did not mention the nuclear issue. Both sides seem entrenched in their positions; both seem to w

Forex The details of the potential agreement between the US and Iran were fleshed out a lot more yesterday and gave more information to the markets about what to expect moving forward should a deal be reached. The agreement would create a 30-day window for detailed negotiations on opening the strait, Iran's nuclear program, and lifting US sanctions. One of the key changes seems to be a softening stance from both sides on some parts of a deal involving Iran's nuclear program,

Forex Yesterday saw what could turn out to be the most significant development since the start of the Iran War, with news breaking that the US and Iran were closing in on agreeing to a one-page 'Memorandum Of Understanding'. This would bring an end to hostilities and trigger a 30-day period to resolve the nuclear issue. The key point of note here is that the US position has changed. The US has consistently asserted that nuclear disarmament must be agreed to at the same time a