Iran’s president says daily discussions are focused on managing a diplomatic path out of the current “neither war nor peace” situation, signalling an active effort toward de-escalation.
He also said that the war “must end at some point,” reinforcing expectations that Tehran is seeking a negotiated off-ramp rather than an open-ended conflict.
The comments add to recent diplomatic signals surrounding Iran and the Strait of Hormuz, although markets will still look for concrete agreements before fully removing the geopolitical risk premium.
WHY: Clearer signs of de-escalation can reduce fears of a prolonged regional conflict and energy-supply disruption, supporting risk sentiment while reducing safe-haven and Oil risk premiums.
DESK: Risk-positive, Oil-negative, Gold-negative on de-escalation; confirmation of a formal agreement remains the key catalyst