Tehran has firmly rejected assertions by US President Donald Trump that Iran is preparing to sign a deal with Washington this weekend, signaling a deepening diplomatic stalemate that threatens to unravel the fragile ceasefire framework.
Trump had previously stated in a Reuters interview that Iran was drafting a proposal to satisfy US conditions, but Tehran's outright dismissal removes the immediate prospect of a breakthrough.
The breakdown in talks keeps energy markets exposed to escalation risk, with traders pricing in continued volatility across Brent crude and regional shipping routes.
German media commentary, including Der Spiegel, is framing the standoff as a potential strategic setback for Washington, noting that prolonged conflict could undermine US objectives.
This sentiment reinforces the market's cautious stance on risk assets, as investors await clearer signals on whether diplomatic channels remain open or if hostilities will resume.