FINWIRES · TerminalLIVE
FINWIRES

Trump Rejects Israel Influence on Iran Policy, US-Iran Talks Face Uncertainty

-- US President Donald Trump, in a Truth Social post on Monday, said his Iran stance is rooted in preventing nuclear weapons, rejecting claims that Israel influenced his position.

Trump said, "Israel never talked me into the war with Iran, the results of Oct. 7th, added to my lifelong opinion that Iran can never have a nuclear weapon."

He criticized media coverage, arguing that polling data is "rigged," comparing it to the 2020 election.

Trump added, "just like the results in Venezuela... the results in Iran will be amazing."

He added that "if Iran's new leaders... are smart, Iran can have a great and prosperous future," pointing to potential economic gains under new leadership.

The US and Iran were reportedly set to hold talks in Islamabad as early as Monday, though Iran's participation remains uncertain after the US seized an Iranian-flagged vessel, adding to rising tensions and mixed signals from both sides.

US Vice President JD Vance, along with Steve Witkoff and Jared Kushner, are reportedly set to represent the US in the talks.

Iran has reportedly made no final decision on joining negotiations, raising doubts over diplomatic progress as the blockade and military actions continue to strain ceasefire conditions, reports said.

Iran's Foreign Ministry on Sunday criticized the US naval blockade, citing violations of international law in a post on X.

The ministry said, "The United States' so-called 'blockade' of Iran's ports or coastline is not only a violation of Pakistani-mediated ceasefire but also both unlawful and criminal."

Tensions rose after Trump said an Iranian-flagged cargo ship "tried to get past our naval blockade," adding the USS Spruance intercepted it and "gave them fair warning to stop" in the Gulf of Oman.

Trump said the crew "refused to listen," after which the destroyer "stopped them right in their tracks by blowing a hole in the engine room," adding that US Marines "have custody of the vessel."

US Central Command on Monday said it has redirected 27 vessels since enforcing the blockade on Iranian routes.

The post said, "Since the commencement of the blockade against ships entering or exiting Iranian ports and coastal areas, US forces have directed 27 vessels to turn around or return to an Iranian port."

In a Sunday post on Truth Social, Trump reiterated his stance that if Iran does not agree to the peace deal, the US "is going to knock out every single power plant, and every single bridge, in Iran."

Related Articles

Oil & Energy

EMEA Oil Update: Brent Ease as Trump Extends Ceasefire

Crude futures eased on Wednesday as the US extended its ceasefire with Iran, temporarily stalling a direct military escalation.The Brent futures contract slipped 0.8% to $97.74 per barrel. Murban closed at $96.29 on April 21 and was not trading as of the time of publishing this oil price update.US President Donald Trump said Tuesday that he extended the ceasefire with Iran while maintaining a blockade, as negotiations remain uncertain.Trump said in a Truth Social post, "... upon the request of Field Marshal Asim Munir, and Prime Minister Shehbaz Sharif, of Pakistan, we have been asked to hold our Attack on the Country of Iran until such time as their leaders and representatives can come up with a unified proposal."Trump said the US blockade would be maintained, signaling continued pressure, and also indicated that talks remain conditional on Iran presenting a clear negotiating position.While President Trump delayed military action against Iran at Pakistan's request, the continued closure of the Strait of Hormuz is suppressing global demand."The conflict is curbing supply, with demand destruction near 4 million barrels per day and possibly rising to 5 million mainly impacting Asia," Saxo Bank analysts said.On the supply side, data from the American Petroleum Institute revealed Tuesday that US crude oil inventories declined by 4.40 million barrels in the week ended April 17.The oil market now awaits the US Energy Information Administration's petroleum inventory report, scheduled for release on Wednesday.

Asia

Market Chatter: Malaysia Postpones Planned Carbon Tax Amid Middle East Worries

Malaysia has delayed its planned carbon tax implementation, citing ongoing geopolitical tensions in the Middle East, The Star reported Tuesday, citing Natural Resources and Environmental Sustainability Minister, Arthur Joseph Kurup.The tax, which was previously expected to start this year for sectors such as iron, steel and energy, has been deferred to avoid adding pressure on industries and consumers. Kurup said the government will instead prioritize setting up a carbon credit framework, including verification systems and a national carbon registry, reportedly.The National Carbon Market Policy (DPKK), approved on April 1, will serve as the basis for Malaysia's participation in both voluntary and compliance carbon trading markets. He added that Malaysia remains committed to emissions reduction targets for 2035 and its net-zero goal by 2050, while continuing to push the green transition, the news outlet said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$^KLSE
Asia

Japan Equities Advance on Stronger Outlook, Export Growth

Japanese equities closed higher on Wednesday, with the Nikkei 225 gaining after J.P. Morgan raised its year-end target for the benchmark to 70,000 from 61,000, citing momentum in AI and a weaker yen.On Wednesday, the Nikkei 225 rose 0.4%, or 236.69 points, to close at 59,585.86.Analysts at J.P. Morgan said concerns about overheating in the Nikkei 225 outweigh improving long-term growth prospects for Japanese equities, even as crude prices stay elevated.The benchmark index climbed to a record on Wednesday, nearing the 60,000 mark, as it recovered from a broad global selloff linked to tensions in the Middle East.In economic news, Japan's trade surplus widened to 667 billion yen in March as exports grew faster than imports, with shipments to China and the U.S. offsetting a sharp slump in Middle East trade amid the Iran conflict, data from the Ministry of Finance Japan showed.The Bank of Japan said the financial system remains stable but flagged rising risks from geopolitical tensions, higher oil costs, and exposures to real estate, foreign funds and leveraged market activity.On the corporate front, Mitsubishi UFJ Financial (TYO:8306) fell over 1% after a report said it is considering offering higher deposit rates for a planned digital bank to compete on speed and cost.Tokyo Electric Power (TYO:9501) rose about 4% after securing 4.7 billion yen in fresh grants to support ongoing nuclear compensation payouts.Advantest Corporation (TYO:6857) gained around 3% after joining Applied Materials' EPIC platform and opening a Silicon Valley research center to advance chip development.

$^N225$TYO:6857$TYO:8306$TYO:9501