IRANIAN SOURCE: NO RESTRICTIONS ON QALIBAF IN MANAGING NEGOTIATIONS

An unnamed Iranian source told FS that there are no restrictions on Parliament Speaker Mohammad Bagher Ghalibaf in managing negotiations, a statement that bears on who holds negotiating authority within Tehran's decision-making structure. For traders, the transmission channel is political risk and the perceived credibility of any diplomatic track, since clarity over the chief negotiator's mandate tends to reduce the probability of abrupt policy reversals, which in turn affects expectations for sanctions relief, oil export flows, and regional risk premia. Assets most directly exposed include Iran-linked sovereign and quasi-sovereign credit, Brent and other crude benchmarks sensitive to Iranian supply expectations, and regional currencies and equities in the Gulf that price in Middle East escalation or de-escalation. The headline's impact is limited by its sourcing, as the claim is anonymous and carries no official confirmation, so its market weight depends on whether it is corroborated by on-record statements from Iranian officials. The next catalyst to watch is any formal announcement from Iran's Supreme National Security Council or the foreign ministry, along with the tim

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