TRUMP: WOULD NOT USE NUCLEAR ARMS AGAINST IRAN, BUT NOTES UNCERTAINTY OVER WHO IS LEADING THE COUNTRY, ADDING THAT IRAN IS STALLING TALKS BECAUSE IT'S UNCLEAR WHO THE U.S. IS NEGOTIATING WITH.

Trump stated he would not use nuclear arms against Iran, while emphasizing uncertainty about Iran's leadership and accusing Tehran of stalling negotiations due to unclear counterparties. This commentary affects geopolitical risk pricing, particularly through the channel of diplomatic uncertainty, which influences Middle East stability premiums in energy markets and equity sentiment toward regional exposure. Assets most exposed include oil futures, Gulf-based equities, and defense stocks, as shifts in U.S.-Iran tensions alter risk appetite and military escalation probabilities. Traders will watch upcoming indirect talks mediated by European diplomats and any signals on Iran’s presidential succession process, which may clarify the negotiation landscape. A scheduled IAEA report on Iranian nuclear activity later this week will serve as a key catalyst for potential volatility.

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