Reuters cites an unnamed senior official from Iran following the rejection of the US proposal as a baseline for a ceasefire.
Iran’s assessment is that the US proposal is “one-sided and unfair”, serving only US and Israeli interestsIran’s initial response was conveyed via Pakistan is that the proposal lacks the minimum requirements for successThere is still no arrangement for negotiations and no plan for talks appears realisticTurkey and Pakistan are trying to help establish common groundDiplomacy has not stopped and if realism prevails, a path forward can be found
The last line is slightly optimistic and perhaps that’s what the market is running with. So far the mood in markets has been relatively good in US hours. We’ve seen oil prices off their highs and Treasury yields come in along with moderate bids in stocks.
This article was written by Adam Button at investinglive.com.