Futures Drop, Chips Resume Slide As OpenAI IPO Delay Dents Sentiment

Iran Says It Has "No Trust" In US, Insists There Is "No Military Solution" Iranian Foreign Minister Abbas Araghchi said on Friday that Tehran has "no trust" in the United States and remains interested in negotiations only if Washington demonstrates seriousness, as talks aimed at ending the war remain stalled. Speaking to Indian media during the second day of the BRICS foreign ministers meeting in New Delhi, Araghchi said military initiatives are ineffective in resolving regional crises, Turkey Today reported. “There is no military solution, and the U.S. must understand this reality,”...

It Begins: Iranian Drone Strikes Bahrain Desalination Plant As Worst-Case Scenario Unfolds Update (Sunday):  From data centers in the Gulf area to water desalination plants, the worst-case scenario is now unfolding in the Middle East conflict, with no boundaries regarding civilian infrastructure. We warned earlier last week, after correctly predicting that data centers would be targeted, that water desalination plants would be next (see the previous update).  Al Jazeera reports that after Iranian Foreign Minister Seyed Abbas Araghchi claimed the US targeted a water desalination plant in Iran, an IRGC kamikaze drone then...