IRAN-RUSSIA ALLIANCE DEEPENS AS ARAGHCHI VISITS MOSCOW Iranian Foreign Minister Abbas Araghchi is in Russia for talks as military and political cooperation with Moscow deepens amid shared tensions with the U.S.

Iranian Foreign Minister Abbas Araghchi's visit to Moscow underscores intensifying diplomatic and military coordination between Iran and Russia, both of which face mounting pressure from U.S. sanctions and geopolitical isolation. The deepening alliance is likely to influence energy and defense markets through enhanced bilateral trade and potential joint supply strategies, particularly in oil and drone technology. This cooperation could amplify risk premiums in Middle Eastern and Eastern European frontier markets, especially for Russian and Iranian equities and sovereign debt. Increased alignment may also affect global uranium and rare earths supply dynamics given both nations' strategic roles in critical mineral markets. Traders will watch the outcome of the Moscow talks for signals of formalized energy-for-arms pacts or expanded military collaboration that could trigger broader sanctions repricing.

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