Negotiations between the US and Iran are expected to be repeatedly drawn out; Asian stock markets are down, South Korean stocks fall over 3%, oil prices rise slightly.

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On Thursday, expectations for the US-Iran ceasefire negotiations fluctuated repeatedly, market movements continued to be volatile, Asian stock markets opened lower and fell further, and international crude oil prices remained stable with a slight rise.

Iran clearly stated it has no intention of direct talks with the US. According to CCTV News, Iranian Foreign Minister Aragchi said in an interview with state television on the 25th that in recent days, the US has delivered proposals regarding ending the war to Iran through several friendly countries, and Iran’s top officials are studying them, but Iran communicating via these mediators "exchanging information" does not mean negotiating with the US.

Previously, according to media reports quoting insiders, Trump privately told advisers he believes the conflict has entered the final stage, urging them to stick with his publicly stated four-to-six-week timetable. Some expect the war to end before mid-May.

Geopolitical negotiations have hit an impasse. Some analysts expect the US will intensify military actions before major combat operations succeed (around mid-April) to force Iran to make concessions, pushing the war into the third stage of "fighting while talking."

From a market perspective, Asian stock markets opened lower and continued to fall.

The Nikkei 225 Index opened up 0.2%, but is currently down 0.64%, and the TOPIX Index is down 0.3%. Japanese 2-year government bond yields rose to 1.315% for the first time since 1996.

Korea’s KOSPI fell 3% during the day, and Australia’s S&P/ASX 200 Index also moved lower.

Overnight, the three major US stock indexes all closed higher: the Dow Jones Index was up 0.66%, S&P 500 Index up 0.54%, and Nasdaq Composite Index up 0.77%.

Oil prices were steady during Asian trading hours; WTI crude rose 1.13% to $91.34 per barrel.

Continuously updating

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