It’s not at all clear what the basis for the ceasefire is and what are the points that will lead to a lasting agreement. That seems to be angering Trump, who is lashing out at the media again. More importantly, he said that the peace will be discussed behind closed doors.
Numerous Agreements, Lists, and Letters are being sent out by people that have absolutely nothing to do with the U.S.A. / Iran Negotiation, in many cases, they are total Fraudsters, Charlatans, and WORSE. They will be rapidly exposed after our Federal Investigation is completed. There is only one group of meaningful “POINTS” that are acceptable to the United States, and we will be discussing them behind closed doors during these Negotiations. These are the POINTS that are the basis on which we agreed to a CEASEFIRE. It is something that is reasonable, and can easily be dispensed with. It’s very much like Fake News CNN last night, headlining a “source” that had no power or authority to write a Letter claiming great authority. President DONALD J. TRUMP
The post is notable for a few reasons. First, Trump is clearly trying to reassert control over the narrative around the Iran talks, suggesting competing frameworks or terms have been floating around that don’t reflect the administration’s position. Second, and more importantly for markets, he struck a broadly constructive tone on the negotiations themselves — describing the US terms as “reasonable” and something that “can easily be dispensed with,” which suggests he sees a path to a deal.
The reference to a CNN report about an unauthorized letter adds another layer, but the key takeaway here is that Trump wants markets and counterparties to know there is one set of terms and they’re his. The “ceasefire” language and the framing around behind-closed-doors discussions point to talks that are still on track from the US side, even as the information environment around them gets noisy.
For traders, the read-through is modestly positive on the geopolitical risk front. Trump is policing the process and trying to keep it on track
