Iran's parliament speaker Mohammad Bagher Ghalibaf, as relayed by state media, said Tehran delivered a "strong and rational response" to Washington and that the next move now rests with the United States. The statement signals that Iran views the diplomatic or negotiating ball as in Washington's court, without specifying the substance of the response or any deadline. For traders, the transmission channel runs primarily through geopolitical risk premia, which tend to feed into oil prices, regional sovereign and currency risk, and safe-haven demand, since Middle Eastern tensions directly affect crude supply expectations and shipping insurance costs. The most exposed assets are Brent and WTI crude, which carry a risk premium tied to any perceived escalation in the Gulf, along with the Iranian rial, which trades at a steep discount and reacts sharply to headlines, and gold and Treasuries as defensive flows. The key near-term catalyst to watch is any formal US response or official Iranian follow-up that clarifies whether the statement signals a diplomatic opening or a hardening of positions.
IRAN'S PARLIAMENT SPEAKER QALIBAF: TEHRAN GAVE WASHINGTON A 'STRONG AND RATIONAL RESPONSE, THE BALL IS IN THE US' COURT' - STATE MEDIA
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