PUTIN: THE BUSHEHR NUCLEAR POWER PLANT CONSTRUCTION PROJECT IN IRAN HAS NOT BEEN STOPPED AND IS IN OPERATION - FARS NEWS

Russian President Vladimir Putin stated, as relayed by Iran's Fars News, that construction of the Bushehr nuclear power plant in Iran has not been halted and that the facility is operational. The remark signals continued Russian-Iranian nuclear cooperation at a time when Western sanctions and geopolitical tensions over Iran's nuclear program remain elevated. The main market transmission channel is geopolitical risk premia and sanctions exposure, where confirmation of ongoing Russian-backed nuclear work can reinforce expectations of tighter enforcement, secondary sanctions risk, and deeper Russia-Iran economic alignment. Iranian sovereign and rial-denominated assets and Russian energy-linked and sanctioned-exposure equities are most sensitive, while Gulf currencies and regional energy markets may price in incremental escalation risk. Traders should watch for any formal statement from the U.S. Treasury or the EU on sanctions designations tied to Bushehr, as well as IAEA reporting on Iranian nuclear inspections that could clarify the plant's operational status.

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