Iran launches missile attacks on Israel, rejecting Trump’s negotiation claims as fake news amidst rising global market tensions
Trump indicated on his Truth Social platform that recent talks with Iranian officials contributed to a postponement of military action by five days.
Iran denies negotiations
Iran’s parliament speaker, Mohammad Baqer Qalibaf, refuted Trump’s claims, stating that no talks had occurred.
He labelled the term “fake news” as a tool to influence financial and oil markets.
Iran’s Revolutionary Guards signalled intentions to escalate attacks on U.S. targets, dismissing Trump’s comments as ineffective psychological tactics.
Despite initial market gains after Trump extended his ultimatum regarding the Strait of Hormuz, uncertainty loomed over financial markets on Tuesday.
U.S. Treasury yields rose, and the dollar recovered as concerns persisted over the energy crisis exacerbated by Iran’s threats.
Brent crude futures climbed 4.2% to $104.21 a barrel, partially recovering from a 10% decline, while U.S. crude rose 4.3% to $91.93 per barrel.
IG market analyst Tony Sycamore described the current situation as fragile, indicating a potential for further volatility.
