🚨 IRAN LAYS OUT TERMS, WARNS OF U.S. “DECEPTION” Iran has formally responded to a U.S. proposal via intermediaries and is awaiting a reply, according to a source cited by Tasnim News Agency. Tehran’s conditions include an end to hostilities, guarantees the war won’t resume, clear reparations, and a ceasefire across all fronts and allied groups. It also insists its control over the Strait of Hormuz is a legal right and a safeguard for any agreement. The source added that Iran distrusts U.S. intentions, calling the negotiations a “deception” aimed at shaping global opinion, keeping oil prices low, and buying time for potential further military action.

🚨 IRAN'S TASNIM NEWS AGENCY CITING SOURCE WITH KNOWLEDGE: IRAN HAS OFFICIALLY RESPONDED TO U.S. 15 POINT PROPOSAL

WAR FUELS INFLATION, CLOUDS GLOBAL GROWTH OUTLOOK The Middle East conflict is pushing inflation higher and weakening the global economy, according to the Organisation for Economic Co-operation and Development. The OECD now sees G20 inflation at 4% this year, with U.S. inflation hitting 4.2%—well above previous forecasts. Growth has held up for now, thanks to strong early-year momentum, but risks are rising. The organization warns that prolonged energy disruptions could further lift prices, slow growth, and unsettle markets. Without the war, global growth projections would have improved; instead, forecasts remain subdued. Central banks are turning more cautious. The Federal Reserve is delaying rate cuts, while the European Central Bank may hike rates to contain inflation. Bottom line: higher energy costs and geopolitical uncertainty are keeping inflation elevated and limiting the global recovery.

RUSSIA DOES NOT HAVE ANY FREE CAPACITY TO PRODUCE MORE FERTILISERS NOW, HEAD OF LOBBY

BARCLAYS: KEEP BUYING DESPITE MARKET FEARS Stocks have struggled this month, with the S&P 500 down 4.2% amid the U.S.-Iran war, rising oil prices, and persistent inflation. But Barclays says investors should stay invested. Strategist Ajay Rajadhyaksha argues fundamentals remain stronger than sentiment suggests, pointing to solid U.S. earnings and ongoing investment cycles. Markets appear to expect a short-lived conflict, with bonds and other assets pricing in a temporary inflation shock rather than prolonged disruption. Oil prices have risen, but not dramatically over the long term. Despite volatility, the S&P 500 is still within 6% of its record high, and market stress indicators have eased. Bottom line: uncertainty is high, but Barclays says it’s a “wall of worry” investors should keep climbing.