Saudi Aramco extinguishes fire at refinery as Houthis claim responsibility

Iran’s foreign minister reportedly stated the country is not engaging in direct talks with the U.S., but that “messages are being exchanged through intermediaries.” The indirect channel suggests ongoing negotiation activity without de-escalation clarity, keeping geopolitical risk elevated. This is likely to be market-relevant for risk sentiment and any related sanctions expectations.

Analysis

Iran’s foreign minister reportedly stated the country is not engaging in direct talks with the U.S., but that “messages are being exchanged through intermediaries.” The indirect channel suggests ongoing negotiation activity without de-escalation clarity, keeping geopolitical risk elevated. This is likely to be market-relevant for risk sentiment and any related sanctions expectations.