Pezeshkian Heads to UN as Trump Vows to 'Wipe Out' Iran — SkimNews
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- Masoud Pezeshkian will lead Iran's delegation at the UN General Assembly in New York (Sept. 22-26 and 28), addressing the body on Iran's positions and holding sideline talks with leaders of several countries.
- Trump told Fox News the only options were "wiping Iran out" or letting Iran's economy "rot" absent a deal, while saying he would be open to meeting Pezeshkian during the assembly.
- Iran's military warned a new large-scale U.S. strike is being prepared and threatened "sustained, effective and painful attacks" against U.S. positions and interests across the region if it proceeds.
- Iran-backed Houthis claimed missile and drone attacks on Riyadh on Saturday — the first air-raid alert in the Saudi capital since July — with Saudi forces intercepting a ballistic missile and reporting no casualties.
- Markets lifted on Monday with stocks rising, oil prices easing, and global bond yields falling sharply on renewed hopes for a diplomatic solution at the UN meeting.
- Tehran's published conditions for reopening the Strait of Hormuz include lifting the naval blockade of Iranian ports, easing sanctions, unfreezing Iranian assets, and ending U.S. military threats under the June memorandum.
- Eurasia Group forecasts Brent crude to trade in a $90-110 per barrel band through the rest of this year, arguing oil will stay elevated despite U.S. progress moving oil through Hormuz.
Why it matters: The convergence of a diplomatic opening at the UN and active military threats creates extreme volatility: Eurasia Group forecasts Brent at $90-110 through year-end, so even a sliver of deal optimism could ease energy costs — but Iranian retaliation warnings and Houthi strikes on Riyadh show how fast the window could close if talks collapse.
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