Trump Says US and Iran Have Exchanged Messages via Mediator

Trump's refusal to detail progress while asserting 'we will win' signals the talks remain at an early, fragile stage rather than a breakthrough. The use of a mediator keeps both sides at arm's length, which lowers the risk of a public collapse but also means no direct channel exists if positions harden. For markets, the relevant question is not what was said but whether the indirect format persists, since any shift toward direct talks or a breakdown would be the first real signal of direction.