- Donald Trump says Iran wants to negotiate secretly due to fear of internal retaliation.
- Iran’s foreign minister denied Trump’s claims, saying no official talks were in place yet.
- Global markets are reacting to the contradicting claims between Trump and Araghchi.
The US has reportedly removed Iran’s Foreign Minister Abbas Araghchi and parliamentary speaker Mohammed Bagher Ghalibaf from its military target list amid claims that Iran wants to end the war through negotiation.
Trump Says Iran Want to End the War
In response to Pakistan’s request Trump removed the key Iranian figures from the kill list creating space for potential de-escalation amid the ongoing war. According to US President Donald Trump, Iran wants to end the war through negotiations but fears admitting it publicly for fear of internal retaliation. Meanwhile, regional powers in the Middle East, including Egypt, Turkey, Saudi Arabia, and Pakistan, met in Riyadh to open channels to Iran’s Revolutionary Guard Corps.
In the meantime, Trump has shared a 15-point ceasefire proposal through Pakistan, demanding limits to Iran’s nuclear and missile programs. Observers think a negotiation could be in the works, considering the strain appearing among Iran’s proxies in Hezbollah and Hamas, which appear to have been hit significantly by US and Israeli bombardments.
Araghchi Dismisses Trump’s Negotiation Claims
The option of a negotiation, which could signal an end, or at least a de-escalation of the war that started on February 28, will directly affect the global markets. Oil prices dropped below $100 per barrel after Trump announced “productive” talks. However, it surged 2% on Thursday morning following Iranian officials’ denial. They dismissed the claims as “fake news” intended to manipulate the markets. According to Araghchi, the warring parties have exchanged messages through mediators, including Pakistan and Turkey, but no formal negotiation is underway.
Related Article: Bitcoin is Set for Momentum Reversal Despite Ongoing War in Iran—Analyst
Global Market Display “Expected” Volatility
Global equities experienced a “relief rally” on Wednesday, with the STOXX 600 rising 1.4% before pulling back on Thursday morning. Similarly, the FTSE 100 dropped 0.63% in early trading on Thursday, following growing skepticism over a potential deal between Iran and the US.
The crypto market is not left out of the reactions trailing developments in the Middle East, as Bitcoin experienced volatility over the past 24 hours. The pioneer cryptocurrency surged 2.3% after Trump’s announcement, climbing above $72,000. However, it joined the broader mainstream market to pullback on Thursday, declining 3.62% from Wednesday’s high to trade at $69,590 at the time of writing, according to TradingView’s data.
Related Article: Iran Rejects U.S. Ceasefire Proposal, Sets Five Conditions to End War
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Source: https://coinedition.com/mixed-claims-about-a-us-iran-negotiation-triggers-volatility-in-the-global-markets/
