Summary
- Israeli Prime Minister Benjamin Netanyahu and US President Donald Trump were reported to have held a phone call on Monday.
- Trump said Israel and Iran wanted an immediate ceasefire and that peace negotiations were underway.
- Markets view Trump's mediation and Israel's response as key factors affecting Middle East tensions, international oil prices, and risk-asset sentiment.
Israeli Prime Minister Benjamin Netanyahu and US President Donald Trump spoke by phone on Monday as military tensions between Israel and Iran persisted.
Walter Bloomberg, an overseas financial news account, posted on X on June 8, citing Israeli sources, that Netanyahu and Trump had held the call.
The details were not disclosed. Trump had earlier written on Truth Social that Israel and Iran wanted an immediate ceasefire and that peace negotiations were underway.
The report came shortly after the Iranian military declared the end of its operation against Israel. Iran also warned it would retaliate more forcefully if Israel resumed attacks on Lebanon.
Markets view Trump's mediation and Israel's response as key factors in whether tensions in the Middle East ease. Any progress in ceasefire talks could also reduce pressure on international oil prices and improve sentiment toward risk assets.
