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Markets Slip as Investors Bet on Extended U.S.–Iran Ceasefire

  Stocks Edge Lower as Investors Hope U.S.–Iran Ceasefire Will Hold Stocks drifted lower today as markets balanced cautious optimism over a potential extension of the U.S.–Iran ceasefire with persistent geopolitical and inflation concerns. Recent trading sessions have shown that even modest signs of diplomatic progress can meaningfully shift investor sentiment. Asian and U.S. markets rallied earlier this week on hopes that Washington and Tehran would continue negotiations, helping unwind some of the war-driven risk premiums that had pushed oil and volatility higher. Despite the pullback, investors remain hopeful that the ceasefire—currently set to expire soon—will be extended, giving negotiators more time to work toward a longer-term agreement. Reports indicate both sides are considering adding another two weeks to the pause, a move that has already helped push Brent crude below the recent peak of nearly US$120 per barrel. Lower oil prices have eased pressure on inflation expecta...
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Spain Denies U.S. Claims of Military Cooperation Amid Trade Pressure

 

It was White House press secretary Karoline Leavitt that claimed that Spain had changed its stance on the Iran war.


Spain has firmly rejected assertions from Washington that it agreed to support U.S. military operations following threats from President Donald Trump to sever trade ties. The dispute emerged after White House Press Secretary Karoline Leavitt stated that Madrid had shifted its stance on the Iran conflict, suggesting Spain would now cooperate with U.S. forces. Spanish officials quickly refuted the claim, maintaining that no such agreement had been made and reiterating their opposition to involvement in the U.S.-Israeli strikes on Iran. 

The disagreement highlights growing diplomatic tension between the two allies. Trump’s threat to cut off trade came in response to Spain’s refusal to allow its military bases to be used in support of U.S. operations. Despite the White House’s insistence that Spain had “heard the president’s message,” Madrid has remained steadfast, publicly denying any change in policy. 

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