In an interview with semi-official outlet Mehr News, Hassan Ali Akhlaghi-Amiri, a member of the unicameral Islamic Consultative Assembly who sits on the influential Cultural Committee, claimed that the proposed snapback sanctions set to be imposed by the UN Security Council at the behest of the E3 nations (France, Germany, UK) are a "tired scarecrow", incapable of undermining Iran. Akhlaghi-Amiri went on to say that should the snapback sanctions come into force, "we have 90 days to use tools, including withdrawing from the NPT [nuclear non-proliferation treaty]".
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Very weak Bund auction on the Aug-54 line with a 1.03x bid-to-cover and 0.79x bid-to-offer. The low price achieved at the auction was also lower than the pre-auction midprice.
RXU5/RXV5 129.5c spread, bought the Oct for 20.5 in 5k.