Hello, this is Leonie Kidd writing to you from London. Welcome to another edition of CNBC’s Daily Open.
Right now, talk is not cheap. The volatility triggered by conflicting reports of negotiations between the U.S. and Iran being underway, not underway, facilitated by mediators or even “negotiating with yourself” has caused billions (if not trillions) of dollars to be lost or made over the last few sessions.
Today’s round of “who is saying what” will be complicated by a G7 foreign ministers meeting in France, where representatives from the U.K., U.S., France, Germany, Canada, Italy and Japan have struggled to speak with one clear message.
Expect more “grin and bear it” trading moments as investors keep trying to price multiple conflicting scenarios.
Iran’s foreign minister told state media on Wednesday that while Tehran had no intention of holding direct talks with the United States, an American proposal to end the war was under review.
