Oil prices surged due to heightened tensions between Iran and the U.S., as the Strait of Hormuz was closed again. Asian markets saw a slight increase, but concerns remained about the potential escalation of the Iran-U.S. conflict. Recent gains in the U.S. stock market have been fueled by optimism regarding the end of the war and strong corporate earnings.
Ghalibaf defended indirect talks with the United States, framing them as a continuation of the conflict by other means. He cautioned against exaggerating Iran’s leverage and emphasized the importance of understanding US military capabilities. The negotiations have sparked a backlash from hardline factions, with some calling for the Revolutionary Guard to intervene.
Analysts suggest that successful Iran-US talks require Iran to normalize relations with the US and recognize Israel. The resolution of uranium enrichment is a key factor, and failure to address it could lead to future conflict. Political scientist Mohsen Milani and former White House official Elisa Ewers emphasized the need to resolve the uranium enrichment issue as a major obstacle to the negotiations.
Turkish Foreign Minister Fidan expressed optimism regarding the continuation of the ceasefire between the United States and Iran, believing diplomatic efforts will lead to de-escalation amid global concerns about a potential return to conflict next week. The two sides disagree on key issues, but their sincerity in continuing talks and resolving core problems offers hope. Turkey is concerned about the alliance between Israel, Greece, and Cyprus and is focused on promoting regional stability and maritime security.
Oil prices and stock futures surged and plummeted following the US firing on an Iranian ship in the Strait of Hormuz, highlighting the volatile situation in the Iran-US conflict. Despite ongoing peace talks led by Vice President JD Vance, the current state of affairs is the most precarious since the ceasefire announcement on April 7. Iran has vowed a swift response to the US action.