According to reported information, Iran is set to receive 400 rocket launchers from China, contradicting earlier assurances made by Chinese President Xi Jinping. Former U.S. President Donald Trump expressed surprise at this announcement, noting it would go against Xi’s promise not to supply Iran with weapons. If confirmed, this information could indicate an escalation in the ongoing U.S.-Iran conflict, with major implications for negotiations of a potential deal in 2026. Market participants reacted to this news, with the probability of a U.S.-Iran deal including reconstruction funding in 2026 now uncertain.
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