FARS — an Iranian semi-official, regime-aligned outlet was out with a report on ceasefire talks and it’s led to some volatility in markets. The report was first out at 7:50 am ET but is getting some more attention in the past few minutes.
Here is what it says (translation):
🔹 Informed sources report increased efforts by the United States to establish a ceasefire and begin indirect negotiations with Iran, but emphasize that Tehran currently considers a ceasefire and negotiations to lack legitimacy.
🔹 While U.S. diplomatic activity has intensified over the past five days—mediated by several countries to achieve a ceasefire—experts describe the shift in Donald Trump’s rhetoric as a sign of Washington’s retreat in the face of Iran’s resistance. However, according to observers, the U.S. government’s attempt to preserve its image of strength has led to these requests being presented alongside military and media threats.
🔹 An informed individual, speaking to a reporter from Fars News Agency and referring to the opposing side’s failure to achieve its objectives, stated: “Iran does not accept a ceasefire. Fundamentally, entering such a process with those who violate agreements is not logical.”
🔹 The source also noted that the Islamic Republic of Iran, before making any decision regarding the ceasefire requests conveyed by U.S. intermediaries, insists on achieving its strategic objectives in confrontation with the opposing front—and only upon verifying their realization would ending the war (not merely a ceasefire) be possible.
🔹 Political analysts also believe that Iran’s comprehensive resistance against the United States, Israel, and their allies has constrained the enemy’s room for maneuver, forcing them to seek a way out of the current situation.
So that’s in line with almost everything we’ve heard from Iran’s side since Trump started talking about negotiations and a ceasefire. In any case, it’s knocked down futures to 6660 from 6678. Before the report, US equity futures were at the highs of the day.
This article was written by Adam Button at investinglive.com.
