Iran sends waves of missiles into Israel, dismisses Trump's talk of negotiations as 'fake news'
Why it matters: Conflicting claims between the US and Iran fuel extreme market volatility and escalate Middle East tensions.
- Iran launched multiple missile waves at Israel, triggering air raid sirens and causing property damage in northern Israel.
- U.S. President Donald Trump announced on Truth Social that "very good and productive" talks with Iranian officials led him to postpone a threat to bomb Iran's power grid for five days.
- Iran's powerful parliament speaker, Mohammad Baqer Qalibaf, identified by Israeli and other sources as Trump's interlocutor, vehemently denied any negotiations, calling Trump's claims "fakenews" used for market manipulation.
- Global markets initially rallied on Trump's announcement, with oil prices dropping below $100 a barrel, but quickly reversed course as conflicting messages from Tehran and Washington created renewed uncertainty.
- Iran's elite Revolutionary Guards (IRGC) described Trump's words as "psychological operations" and launched fresh attacks on U.S. targets, emphasizing their commitment to the fight.
Iran launched multiple missile waves into Israel, causing damage but no fatalities, directly contradicting President Trump's claim of "very good and productive" negotiations that led him to postpone a planned strike on Iran's energy grid. While Trump's announcement initially calmed markets, Iran's parliament speaker dismissed the talks as "fake news" designed to manipulate financial and oil markets, reigniting global instability and market volatility.
