Pezeshkian: Supreme Leader Grants Government Some Authority on Dialogue

ISNA reports that Iranian President Pezeshkian addressed both dialogue and the war:

• He stated that war benefits no one and that adversaries cannot force Iran to capitulate through conflict.

• He added that the Supreme Leader has given the government some authority on dialogue.

The market update indicates a risk-on reaction: oil and the dollar are declining, while US equity futures, Treasuries, and spot gold are advancing.

The analysis from the source:

The phrase "some authority on dialogue" is key. It hints at an opening for negotiations, but the extent of that authority is ambiguous. Pezeshkian’s warning that adversaries cannot force Iran to surrender shows that any diplomatic outreach has conditions.

Traders interpret the initial moves as hope for reduced tensions, with oil falling and equity futures attracting buyers. The critical question is whether this opening leads to substantive talks. The article’s headline provides a positive signal for markets; sustained follow-through will determine if the gains hold.

Crude oil moved sharply lower, with a low of $97.12. The current price is $97.83, down about $5 on the day. The low extended toward the bottom of a swing area between $97 and $98.48. Oil now trades within that range. A drop below $97 could open the door for further downside.