Asian shares rallied on Friday after U.S. President Donald Trump called off new military strikes on Iran and said a peace deal could be signed in a few days, helping ease fears of escalation.
Iran, however, maintained a tough stance and pushed back against optimistic remarks from Trump.
Iranian officials insisted that no final decision has been made and that key differences remain unresolved.
Iranian Foreign Ministry spokesperson Esmaeil Baghaei dismissed reports regarding the timing and location of any potential agreement as premature, clarifying that Tehran will not compromise on what it describes as its "red lines." It was said significant obstacles continue to stand in the way of a breakthrough.
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Market Analysis
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.