Iran says U.S. talks won't start under threats as Trump says Tehran wants a deal
Iran said negotiations would not begin under U.S. threats even as Trump later claimed Iran had called and wanted an agreement, with markets swinging from risk-off selling to firmer U.S. futures.
Iran said negotiations with the United States would not start under threats and suspended talks, while President Donald Trump at one stage said the U.S.-Iran deal was "over" and later said Iran had called and "they want to make a deal so badly." The conflicting signals left the diplomatic outlook uncertain, with no confirmed details on any renewed negotiation process. Markets initially moved into a broad risk-off pattern as fresh U.S. strikes on Iran and fears of wider regional escalation pushed oil higher and hit equities and crypto. Later, U.S. stock futures turned positive after Trump's comment about Iranian outreach, suggesting investors saw a possible sign of de-escalation, though oil remained elevated on concern about supply disruption around the Strait of Hormuz.
- Strait of Hormuz: A vital energy shipping chokepoint whose disruption can affect global oil supplies and prices.
- risk-off: A market move in which investors pull back from perceived higher-risk assets amid rising uncertainty.