The semi-official Tehran Times says that the diplomatic and indirect channels for talks with Washington have not been completely closed. It’s a reversal from an earlier post that said diplomatic channels were cut off. It also deleted the earlier post.

The latest post says “diplomatic and indirect channels of talks with the US are not closed.”

Notably, a WSJ report just 47 minutes ago said direct communication had been cut off, citing “Middle Eastern officials”.

Risk assets have come off the lows on this but it’s not a big bounce.

This article was written by Adam Button at investinglive.com.