- Iran (President Pezeshkian – comments are unconfirmed): Says Iran seeks no war but is prepared to end it with guarantees against further attacks
- Accusations against US/Israel:
- Calls military actions unprecedented crimes and violations of international law
- Claims Iran engaged in good-faith talks before being attacked
- Regional criticism:
- Says countries hosting U.S. bases failed to prevent their use for attacks on Iran
- Stated solution:
- End to aggression as the path forward
- Iran willing to end conflict if security guarantees are provided
- Message to Europe:
- Urges Europe to abandon its current approach
- Calls for professional engagement aligned with international law
In other headline news that is not so good is:
- Iran threat (via Fars News):
- Could target UAE’s Fujairah port and key oil pipeline
- Trigger: If UAE continues supporting U.S. and Israeli attacks
- Objective: Disrupt UAE’s bypass route to the Strait of Hormuz
- Earlier reports (unconfirmed):
- Iran warned UAE that Fujairah port and Hormuz-linked pipeline could be targeted
- Condition: If attacks against Iran continue
US stocks have moved, extending the gains:
- Dow industrial average is up thousand 29 points or 2.27%.
- S&P index is up 162 points or 2.55%.
- NASDAQ index is up 675 points or 3.27%.
US yields are moving lower with the tenured now down 5 basis points at 4.292%. The 2-year yield is down 6.2 basis points at 3.768%
Oil prices have move lower with the price is trading at $101. Although off the highs and now negative on the day, the price remains above the $100 level.
The USD has moved to new lows.
EURUSD: The EURUSD moved above its 200 hour moving average at 1.1541 and reached a new high of 1.1559. The price is currently trading back near the 200 hour moving average.
This article was written by Greg Michalowski at investinglive.com.