Talks between officials in New York come ahead of summit between Donald Trump and Xi Jinping later in the week
Reuters reports: Iran has conveyed its conditions to mediators for re-engaging in negotiations aimed at ending the war with the US, Al Jazeera cited Iran’s security chief, Mohsen Rezaei, as saying in an interview on Saturday.
However, tensions in the Middle East remained high as Yemen’s Iran-backed Houthis said they attacked “sensitive” sites in the Saudi capital of Riyadh on Saturday with missiles and drones, as well as an Aramco facility in the Red Sea city of Yanbu, a key oil export hub.
Middle East oil flows remain surprisingly strong despite the disruption to Saudi Arabia’s East-West pipeline.
2030 is not going to be the end of the world. There is 0% chance that’s going to be the end of the world.
Scaring people is unnecessary. It is irresponsible.
Scott Bessent and Chinese vice premier He Lifeng have already laid the groundwork [for the Trump-Xi meeting] in New York, with trade, investment and artificial intelligence on the table, but this is not a market waiting for a grand bargain.
It is waiting to see whether both sides can keep the next trade grenade in the drawer.
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