Daily Market View 11-05-2026
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Peace rejected as war drags on
1 Minute Market Rundown
- Iran rejects US peace offer as Trump rejects "totally unacceptable" counter offer
- Gulf remains blocked and the sticking point seems to still be Iranian nuclear material
- PM Sir Keir Starmer seeks to ward off leadership challenges with reset speech in Parliament today
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Unsurprisingly, peace talks last week were ruined this weekend owning to the two sides inability to come to some sort of consensus on Iranian nuclear material. Trump offered a phased approach to reopeing the strait to the Iranians, which they have

I do not suspect that this is yet another Trump rug pull of those hopeful of peace, this may actually be a more kinetic and forceful attempt to bring Iran to the table more quickly. Although, so far at least, the Iranians have shown themselves pretty resistant to threat and so the chances of this backfiring and actually making the Iranians less likely to negotiate.
Overall, I suspect this weekend will all the difference when it comes to the conflict.
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