Newsquawk Rundown, Daily Podcast

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...

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. Chinese President Xi urged the US and Iran to return to resolving issues through negotiation as soon as possible, according to Xinhua. Chinese President Xi said China and the US reached a common understanding on many is...

Senior adviser to Iran’s Supreme Leader Major General Safavi said the scope of the war may expand to the Indian Ocean and other regions, if the US starts a new war. US Treasury Secretary Bessent announced a two-month extension to the trade truce with China, extending to January 10th. A flurry of Central Bank announcements; SNB and Riksbank hold while the Norges Bank hiked by 25bps to 4.50%. Global...

US Treasury Secretary Bessent said the US-China trade truce was extended to January 10th, while he doesn't know if a bigger trade deal can be done with China and could just roll the current deal forward. US reportedly dismissed Iran's Hormuz offer during UN talks, saying Tehran does not control the Strait, the Times of Israel reported. White House official denied Politico reports that the Trump ad...

US Envoy Witkoff said mediators will continue their work, and he hopes talks will be constructive and promising. However, US sources told Al Hadath that the chance of a deal is limited and major disputes and obstacles remain. US equity futures give back earlier gains as focus turns to the Trump-Xi meeting. DXY bids higher despite lower energy prices; EUR little moved following broadly stronger PMI...

US President Trump said he thinks a settlement will be reached with Iran, and noted that some US-Iran communication has taken place even today and that the relationship with Iran is developing. US President Trump said envoys Witkoff and Kushner met with Iran mediators and that there were lots of good thoughts. Trump later commented that he thinks Iran will do something good. Trump also warned that...

Crude benchmarks have reversed earlier gains after Kyodo reported, citing an Iranian official, that Iran has suggested to the US administration that it will open the Strait of Hormuz within seven days if the US lifts its blockade on Iranian ports and stops military operations related to Hormuz. Alongside the Kyodo report were constructive comments by the IRGC, stating that if Iran’s national inter...

US President Trump said he had meetings regarding Iran and that Iran is not doing well; the Pakistani Interior Minister held consultations in Iran on efforts to advance the peace process. US Treasury Secretary Bessent said he will present US President Trump with a US-China AI pact, while Trump is to decide on a US-China AI deal this week. APAC stocks mostly gained following the advances on Wall St...

US President Trump reportedly said on Sunday that he is thinking of "blowing up" all of Iran as he left the Camp David retreat a day early to return to the White House. Pakistani Interior Minister travelled to Iran to discuss bilateral relations and cooperation, but it will be unrelated to Iran-US matters. German Chancellor Merz vowed to stay on despite a ‘disaster’ in regional elections, with par...

US President Trump reportedly said on Sunday that he is thinking of "blowing up" all of Iran as he left the Camp David retreat a day early to return to the White House. Crude futures initially advanced at the open following reports over the weekend that Houthis targeted a Saudi oil facility in Yanbu and with air raid alerts issued in Riyadh. Crude prices then retreated throughout the session despi...

The BoJ hiked rates by 25bps to 1.25%, as expected, with the decision made by a 7-2 vote. In the press conference, BoJ Governor Ueda said the BoJ believes the phase of policy has changed but clarified that the objective is now to stabilise underlying inflation at around 2%. US equity futures are mixed, with outperformance in tech as gains extend following Nvidia's Huang comments of doubling chip s...

US President Trump told Axios he is at a "critical juncture" regarding the war in Iran, weighing whether to launch massive new attacks or pursue a different path to end the conflict. BoJ hiked rates by 25bps to 1.25%, as expected, with the decision made by a 7-2 vote; USD/JPY outperformed. Crude futures were lacklustre after declining yesterday alongside de-escalatory reports. APAC stocks were mos...

US President Trump threatened to impose heavy tariffs on Europe if it considers Europe's decision to grant Canada observer status a hostile act. US President Trump said they are working very hard on Russia and Ukraine, while he added that the Ukraine war is the toughest war to end and is the one driving up diesel prices. On Iran, Trump said Iran wants to make a deal and hopefully we're more at the...

The Fed hiked rates by 25bps as expected in a unanimous decision, while the median projection saw another hike by year-end before rates remain on hold throughout 2027. The statement reiterated the Fed's commitment to price stability, a message echoed by Chair Warsh in the press conference. US stocks were pressured and the major indices largely finished lower; APAC stocks traded mixed, DXY and yiel...

Iranian FM Araghchi said the MoU with the US is in effect and that Tehran wants to return to a peaceful solution, and added that Iran is not interested in continuing the conflict and looks forward to returning to a diplomatic solution. US equity futures gain, with the NQ outperforming following reports of a potential Intel-SK Hynix deal. DXY flat; GBP saw two-way price action as headline CPI retur...

US VP Vance told the NY Post that the conflict with Iran is expected to shift into a "much different phase" in the coming months. A US official said the military and Gulf countries have begun conducting daytime tanker transits through the Strait of Hormuz, rather than only at night as in recent months, according to Axios. Crude futures pulled back after rallying again yesterday as a series of geop...

Iranian Parliament Speaker Ghalibaf said Iranian forces have full control of the Strait of Hormuz and will prevent enemy vessels from crossing. The Bank of England has reportedly written plans with the DMO to overhaul its money-printing programme, with plans to stop selling 20- and 30-year gilts, according to the Telegraph. Global equities continue to be weighed on by higher energy prices and bond...

Mediators are working to get the US and Iran back at the negotiating table, CNN reported, citing sources, later echoed by Axios. Brent is softer by around USD 0.20/bbl, with the market essentially waiting for a resumption of negotiations or strikes. Japanese assets lead after Finance Minister Katayama said pension funds should be encouraged to invest more in the domestic market. European...

Sources suggested Iranian air defence systems were activated. However, the US said they were not involved, and Iran then denied any explosions at all; Bushehr's officials said they intercepted projectiles. Mediators are working to get the US and Iran back at the negotiating table, CNN reported, citing sources, later echoed by Axios. Brent is firmer by USD 0.30/bbl, in a narrow range as the magnitu...

US struck around 90 Iranian military targets. In return, the IRGC said it attacked two US bases in Bahrain and two in Kuwait. CNN reported that US President Trump is losing patience with the pace of negotiations, particularly on nuclear. Crude benchmarks were firmer overnight, but moved lower as the European morning progressed as markets reacted to Trump’s remarks that Iran wanted to make a deal....

US struck around 90 Iranian military targets. In return, the IRGC said it attacked two US bases in Bahrain and two in Kuwait. CNN reports that US President Trump is losing patience with the pace of negotiations, particularly on nuclear. Energy benchmarks modestly bid, but in relatively narrow ranges; downside seen in the early European morning as Trump reiterates that Iran wants to make a deal. AP...

US struck around 90 Iranian military targets. In return, the IRGC said it attacked two US bases in Bahrain and two in Kuwait. CNN reports that US President Trump is losing patience with the pace of negotiations, particularly on nuclear. Energy benchmarks modestly bid, but in relatively narrow ranges; downside seen in the early European morning as Trump reiterates that Iran wants to make a deal. AP...

US President Trump said the Iran ceasefire is over, "I think", lifting Brent above USD 79/bbl, weighing on equities and fixed income. However, Trump did add he will allow US negotiators to continue talking with Iran, but said, "I think this is a waste of time" Euro Stoxx 50 -2.2%, ES -1.0%, NQ -1.4% given the above. Mixed APAC trade, but China was in the green after updates relating to D...

Mixed APAC trade, China in the green amid multiple IPOs and tech strength locally. US and European futures contained. DXY is range-bound despite the renewed Middle East clashes. Yields consolidate after the energy-driven lift on Tuesday, following the revocation of the Iranian waiver and tit-for-tat strikes. US Treasury revoked the June 21st Iran-related waiver, General License X, which had a...