U.S. Commerce Secretary Howard Lutnick has apologized for incorrectly stating that no Americans had died in the Iran war. He acknowledged that 18 service members had indeed lost their lives, attributing his error to confusion with information about Venezuela. This inaccurate statement comes amid ongoing tensions between the U.S. and Iran as diplomatic efforts continue. Markets now reflect reduced optimism about imminent U.S.-Iran peace talks, with participants viewing the possibility of Mojtaba Khamenei attending a diplomatic meeting by the end of 2026 as less likely.
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