Newsquawk Rundown, Daily Podcast

US President Trump said the war with Iran will end very soon and that oil prices will fall once the conflict concludes, while Saudi Arabia conducted further strikes against Houthi targets in Yemen. The BoJ is reportedly leaning back against back-to-back hikes in October but could hawkishly adjust inflation language, according to Bloomberg. US equity futures mixed, with the NQ underperforming as ch...

US President Trump said the war with Iran will end very soon and that oil prices will fall once the conflict concludes, while Saudi Arabia conducted further strikes against Houthi targets in Yemen. US President Trump said Zelensky and Putin have to get together and end the war, while he thinks they support the energy ceasefire. APAC stocks mostly declined amid a tech-led sell-off following weaknes...

US President Trump announced a potential Russia-Ukraine energy ceasefire, while also lifting Russia's diesel export ban. Ukrainian President Zelensky said that he was willing to halt strikes if Russia stopped targeting Ukrainian infrastructure, but noted that Russia hit a power plant, following US President Trump's energy ceasefire comment. US equity futures are firmer but off best levels as energ...

US President Trump is considering joining Saudi strikes against Yemen's Houthis following deadly airport attacks, while Iran reiterated that Hormuz will only reopen once the US fulfils all seven conditions. US President Trump announced a potential Russia-Ukraine energy ceasefire and a diesel deal with Russia, sparking criticism from US lawmakers. APAC stocks traded mixed amid geopolitical tensions...

A US military source told Al-Hadath that US forces received orders to mobilise last Sunday and that thousands of missiles have been replaced and sent to forces. Diplomatic sources said US-Iran negotiations and exchanges of messages have continued since the Iranian delegation returned from New York, while the Iranian President said they are compiling proposals. US equity futures helped by the more...

US President Trump said he is having productive discussions with Iran and will not attack Iran at any time before the midterms; the US military has nonetheless drafted options for three days of strikes as Trump weighs his next move. US CENTCOM said routes for free transit through the Strait of Hormuz are open to vessels not violating the US blockade, while Iranian officials reiterated that they re...

Multiple reports suggest that US President Trump has ordered the military to be ready for possible Iran strikes, with the President weighing the timing of the strike. Iran's working assumption is that there will be a US attack and the debate in Tehran is if they should attack first, according to Jerusalem Post's Stein. Samsung reported preliminary Q3 metrics that disappointed, while TSMC Q3 revenu...

US President Trump might order another Iran strike before the midterms, and Pentagon planners are crafting options, although no final decision has been made, Atlantic reports. On that note, the US military has been ordered to be ready for possible Iran strikes as President Trump weighs the timing, Axios reports. The directive did not provide a specific date. US President Trump state...

US VP Vance said that Iran must make a "meaningful" reduction in its nuclear enrichment capacity to satisfy US demands and end the war. The EU is reportedly preparing a temporary import cap on Chinese hybrid cars as EU-China talks begin on Thursday. US equity futures fall, as the NQ underperforms as SpaceX begin talks to borrow USD 40bln for Nvidia chips. DXY gains amid higher energy and yields, g...

US President Trump reiterated that millions of barrels of oil have been delivered over the last couple of days, adding that oil prices will come way down. However, reports suggest that a ship was attacked off Oman’s Musandam coast; separate sources indicated that several missiles were launched towards the Strait of Hormuz. APAC stocks were mostly negative amidst a rebound in energy and yields; Eur...

US President Trump signed an order to waive off-road requirements to allow anyone to purchase tax-free red-dyed diesel. French RN leader Le Pen said France could face a default if President Macron policy continues, while announcing a French deficit target of 3%of GDP by 2032 at the latest. Global equities bid as energy benchmarks fall throughout the European morning (Brent -2.0%). DXY near the 102...

US President Trump said he is always open to direct talks with Iran and that it will all work out regarding the Saudis and Houthis. US President Trump said the Iran war will end soon and that the US secured the Strait of Hormuz; UKMTO separately reported a tanker was struck by an unknown projectile in the Strait. APAC stocks traded mostly higher following the positive handover from Wall St; Europe...

A US official told Semafor that there is a real possibility that Iran may want to inflict some pain on US President Trump before the midterms, and that Iran may do something in the next couple of weeks. Yemen's government launched a campaign against the Houthis, recapturing the Bab al-Mandeb Strait. Spanish PM Sanchez called for an early election after the government failed to pass a housing bill...

US President Trump said that he will be making a decision on Iran; Iran said the Strait of Hormuz will not reopen until its conditions are met. APAC stocks began the week mostly higher in holiday-thinned conditions; US equity futures pared early upside in the absence of major fresh catalysts. DXY strengthened to start the week; EUR/USD weakened overnight to its lowest since May last year, with the...

Energy complex falls on reports that the EU discussed a proposal to release diesel from stockpiles (Brent -3.2%, EU Gasoil -5.5%). US equity futures climb, while NKE falls on a downbeat earnings report. DXY slightly lower; JPY gains on hotter-than-expected Tokyo CPI. Fixed income benchmarks benefiting from lower energy prices as markets await the US jobs report. Looking ahead, highlights include U...

US President Trump reportedly recently told aides he expects to resume bombing Iran in November, WSJ reported. Crude futures paused overnight after rallying yesterday in the continued absence of any progress between the US and Iran. APAC stocks traded mixed following the ultimately choppy performance stateside; European equity futures indicate a slightly higher cash market open. 10yr UST futures t...

A US official said Secretary of State Rubio demanded on Monday that Iran's delegation to the UN General Assembly immediately leave the country after negotiations stalled, according to Axios. The US has reportedly told France and Germany to release emergency diesel stocks or face a possible export ban, with the US pushing for the release of 120mln barrels of diesel in the next six months, according...

US President Trump said developments regarding Iran will happen very soon, while saying the US has almost total control of the Strait of Hormuz and the war could end soon. A US official said Secretary of State Rubio demanded that Iran’s UN delegation immediately leave the US after negotiations stalled. Crude futures gradually retreated overnight amid relatively quiet geopolitical news flow; spot g...

US White House is reportedly tempering expectations of an imminent breakthrough between US-Iran, Semafor reported, with a source suggesting that "the bar is being raised very high." The Iranian government spokesperson said Foreign Minister Araghchi presented President Pezeshkian with a US proposal following his New York trip, which included discussions on Iran’s conditions for reopening the Strait...

US-Iran talks and efforts by mediators this week yielded little progress, raising the odds of renewed combat, while Qatar will continue efforts despite growing frustrations with both sides, according to Axios. An Iranian diplomatic source said Iran will only be ready to discuss the nuclear issue after the Strait of Hormuz issue is resolved and Washington lifts the blockade. APAC stocks were ultima...

Iranian Foreign Minister Araghchi said Tehran discussed proposals with Qatari mediators to present to the US, and that a response is to be relayed to Tehran through Qatari mediators. Iranian Foreign Minister said they expect a US response today; Brent -0.2% Iran was reported to have agreed to halt enrichment in exchange for easing US sanctions, although the Iranian Foreign Ministry spokesperson la...

Iranian Foreign Minister Araghchi said Tehran discussed proposals with Qatari mediators to present to the US, and that a response is to be relayed to Tehran through Qatari mediators. Iranian Foreign Minister said they expect a US response today. Iran was reported to have agreed to halt enrichment in exchange for easing US sanctions, although the Iranian Foreign Ministry spokesperson later denied t...

US President Trump said he rejected a deal from Iran to open the Strait of Hormuz, while he stated Iran wants to make a deal in which they open the strait immediately. He expects talks with Iran to resume this week even though he rejected Iran’s latest proposal. Iran's delegation in New York has no plans for talks with the US, according to a source close to the delegation cited by IRNA; Brent +3.3...

US President Trump said he rejected a deal from Iran to open the Strait of Hormuz, while he stated Iran wants to make a deal in which they open the strait immediately. US President Trump said he expects talks with Iran to resume this week even though he rejected Iran’s latest proposal. Iran's delegation in New York has no plans for talks with the US, according to a source close to the delegation c...

Iranian Foreign Minister Araghchi said Iran presented a proposal to the US through mediators this week to reopen the Strait of Hormuz and restart negotiations towards a final deal; Brent -1.6%. Chinese President Xi said China and the US reached a common understanding on many issues. European bourses gain as Iran offers hope of the reopening of the Strait of Hormuz; US equity futures follow suit, N...