CMR is the leading provider of funding and management support for small to medium-sized businesses and entrepreneurs 

It's only appropriate that just hours after we published an extensive report looking at the trillions in debt funding the AI supercycle - which just this year stands at $568bn, of which $259bn issued in IG, followed by $256bn across Private Credit, Direct Lending, and other bilateral/non-syndicated lending (for SPVs and infrastructure finance), another $40bn for HY and $11bn for institutional loans...

... that SotBank launched what Bloomberg dubbed "one of the biggest junk bond deals ever", as the Japanese conglomerate seeks the equivalent of more than $11 billion in high  yield debt as Masayoshi Son’s conglomerate ramps up its investments in ChatGPT creator OpenAI. 

If SoftBank sells about $11 billion in debt it would be one of the largest junk bond sales ever by a single firm, excluding distressed debt exchanges. The near-record offering would come in 5 tranches: the company is looking to issue $10 billion of dollar securities across three tenors, and €1 billion ($1.1 billion) of euro debt across two maturities, according to BBG sources.

The proceeds from the debt sale will be used to fund a follow-on investment in OpenAI expected to close next month as well as general corporate purposes; the deal is expected to price as soon as Thursday, depending on demand. 

One of the world’s largest investors in AI, SoftBank’s fortunes have become increasingly intertwined with its ability to monetize its holding in OpenAI after committing close to $65 billion to the tech pioneer. That’s put Son’s firm at the epicenter of debt-fueled bets on artificial intelligence, at a time when safety concerns about the industry have flared.

SoftBank and its lead banks are sounding out investors on potential pricing for the proposed junk bond sale, offering an early glimpse of roughly how much the conglomerate may pay for the deal. All discussions are early stage and figures could change.

The table below shows the indicative prices that SoftBank is feeling out with investors, though such initial price guidance has yet to be discussed and could wind up differing from these earlier discussions based on investor feedback:

Those yields would all be records for SoftBank in those specific currencies and tenors if priced at those levels, according to data compiled by Bloomberg, though details in corporate note offerings often change before they are actually priced.

As Bloomberg notes, the latest deal adds to a flurry of recent activity by SoftBank, as it builds out its artificial intelligence financing capacity. The conglomerate entered into a $40 billion bridge loan in March to fund an additional investment in OpenAI, and recently repaid the outstanding balance of $25.9 billion on that facility.

SoftBank closed out last week with nearly $21 billion in potential fresh borrowings. The group increased a margin loan backed by shares of its chip unit Arm Holdings by $5 billion to $25 billion, people familiar with the matter said on Friday. And it recently secured an additional $450 million to an existing credit line, bringing the total to $6.5 billion.

In short, if OpenAi goes down it is absolutely dragging SoftBank with it. 

Apollo Global is also in talks to boost the size of a loan to SoftBank by $3.6 billion to $9 billion to help it finance its investment in AI giant OpenAI. On top of that, the firm founded and led by billionaire Masayoshi Son secured an $11.87 billion loan, also to support its OpenAI investment. 

As part of its funding campaign this year, SoftBank has sold almost $15 billion of notes across currencies, making it the biggest junk-rated borrower in bond markets so far in 2026, Bloomberg-compiled data show. There was also a $10 billion loan earlier this year backed by its OpenAI stake.

The deals come amid a broader increase across markets in borrowing costs, as most major economies grapple with inflation. The yield on SoftBank’s dollar bond maturing in 2031 climbed to 8.2% earlier this month, up from as low as 6.7% in January, as spreads have blown out and underlying Treasury yields have risen.

Recent calls by heads of some of the world’s biggest artificial intelligence platforms, including OpenAI, to slow AI advances on safety concerns, have introduced another layer of uncertainty. That contributed recently to an increase in the cost to insure SoftBank’s debt against default to the highest in three years. 

In another hit to SoftBank, OpenAI CEO Sam Altman’s remarked that the company won’t go public this year - a move that would increase the liquidity of SoftBank’s investments - have been closely watched by investors.   

Citigroup Inc. is acting as the lead bookrunner and a joint global coordinator, alongside Goldman Sachs Group, JPMorgan Chase & Co. and Morgan Stanley for dollar tranches. JPMorgan is the lead bookrunner for the euro-denominated notes and among the joint global coordinators, together with Goldman Sachs and Deutsche Bank.

"The United States is working on a massive Deal with respect to the purchase of Potash from Belarus," President Trump wrote on Truth Social just before 11 a.m. ET.

Trump continued, "The pricing would be for substantially less than we are currently paying to Canada, very good news for our Farmers and Ranchers."

The immediate market impact: Intrepid Potash, CF Industries, and Mosaic shares fell to session lows.

Intrepid Potash: -4.6%

CF Industries: -3.5%

Mosaic: -4.5%

The move follows Trump slapping 50% tariffs on some Canadian goods last month after the US and Canada failed to reach a last-minute trade deal. However, the levies included significant exemptions for major Canadian imports such as oil, gas, and potash. 

However, earlier, Russian news agency Interfax quoted Belarusian President Alexander Lukashenko as saying his country lacks the capacity to supply potash fertlizer to the West. 

Bitcoin has surged above $85,000 this morning for the first time since late-January...

The rally comes alongside advances in stocks and bonds, as falling oil prices and optimism ahead of a summit between US President Trump and China’s Xi Jinping are buoying markets more broadly. Rival digital assets have also bounced.

Ether, the second-largest token, has spiked up to almost $2750, while other cryptocurrencies including XRP, Solana and Monero also posted gains...

Bitcoin’s gains build upon a recovery that began late last week, when crypto absorbed the failure of the landmark Clarity Act (up around 14% since) to establish a clearer understanding of industry regulation as well the Fed's first interest-rate increase in more than three years.

“Financial markets have rediscovered a risk-on frame of mind after being consumed with worry about government bond yields, debt piles and the prospect of a return to tighter policy at the world’s most powerful central bank,” said Chris Beauchamp, chief market analyst at investing and trading platform IG.

A green light on Thursday from the Securities and Exchange Commission for digital versions of securities to start trading in the US helped to brighten the mood. 

Interestingly, Bitcoin treasury founder and pioneer Michael Saylor has said that the blockage of the Clarity Act is actually good for the digital asset space. 

Writing on X on Saturday, the Strategy founder and chair said that legislation can make restrictions permanent just as easily as rights. 

The Digital Assets industry is better off moving forward with supportive rules from the SEC, CFTC, Treasury, and banking regulators than accepting the restrictions in the final CLARITY compromise. We have an administration willing to modernize financial markets. We should use the next two years to put better financial products into people’s hands.

Our safest path forward is to create products that delight customers and deploy them broadly. Lower costs, easier access, useful services, and greater control over money give people a direct interest in preserving innovation. The strongest constituency we can build is a public that benefits from what we create.

Legal certainty matters. So does the freedom to compete. A law can make a restriction durable just as easily as it can make a right durable. Before celebrating permanence, we should examine what we are making permanent.

The September CLARITY compromise would have restricted covered providers from paying customers simply for holding payment stablecoins, while allowing qualifying activity rewards. It also would have directed Treasury to restrict certain rewards upon specified findings of substantial, detrimental deposit transfers from community banks.

Protecting a bank from a liquidity crisis and protecting it from a better competitor are different objectives. Financial stability requires sound oversight. Competition requires that customers be free to choose a better service. When technology reduces the cost of delivering financial services, consumers should share in the savings.

Read more here...

Additionally, Saylor’s Strategy purchased Bitcoin for the first time in three weeks, acquiring $75.7 million of the original cryptocurrency after seeking to rebuild investor confidence by reshaping its balance sheet and building out reserves.

The original Bitcoin treasury company - co-founded and run by Saylor - also repurchased $174 million of its STRC perpetual preferred shares, part of its effort to lift the price above par so that the securities can be used again to finance future Bitcoin purchases. Cash was used to fund both transactions, Strategy said in a filing on Monday. The preferred trade just below $99.

Strategy is now (846,002) just 1363 BTC below its all time high holdings from June 22 when it was 847,365...

“The crypto market capitalization has risen to $2.8T, its highest level since the end of January this year,” said Alex Kuptsikevich, the FxPro chief market analyst.

“Although Friday’s rally was followed by increased selling pressure, buyers have once again been dominating the cryptocurrency market since Sunday.”

Bloomberg reports that bitcoin open interest on the options trading platform Deribit was heavily dominated by calls, signaling bullish sentiment. The platform showed more than 272,000 contracts for the right to buy the token compared with over 154,000 for puts, or the right to sell.

“Bitcoin options market is positioned to capture the upside,” said Pratik Kala, a portfolio manager at digital-asset hedge fund Apollo Crypto.

“People are repositioning from downside protection to wanting to capture the upside.”

But not all traders are convinced the momentum can last given the difficult macroeconomic headwinds, with crude oil still above $100 a barrel and US Treasury yields elevated.

Bitcoin is well off its 2026 high of over $97,000 in mid-January, and even further from its October record. Retail enthusiasm has also proven hard to rekindle as artificial intelligence stocks and other AI-linked trades compete for the same pool of speculative capital.

“For this week, there aren’t any big catalysts to watch out for per se, but any hawkish or dovish remarks by Fed officials could impact the market,” said Jeff Mei, chief operating officer of BTSE.

 Finally, we note that ETF inflows have re-accelerated...

Various investor cohorts also returned to aggregate profit, including Bitcoin corporate treasuries, holdings of which have a cost basis of around $80,500. Now, price is approaching its cost basis for investors in US spot Bitcoin exchange-traded funds (ETFs). Per data by onchain analytics platform Glassnode, this cost basis currently sits at $85,638...

In a departure from the norm, the largest Bitcoin ETF, BlackRock’s iShares Bitcoin Trust (IBIT), did not account for the lion’s share of inflows. Instead, most investors piled into Fidelity Investments’ Wise Origin Bitcoin Fund (FBTC), which accounted for $310 million of the total. In their analysis of recent market developments, the onchain analytics platform CryptoQuant discussed this change in ETF netflow composition. 

“The key change is therefore not simply positive ETF activity, but a clear redistribution of flow leadership: IBIT went from dominating FBTC by nearly six times on September 3 to FBTC recording almost three times IBIT’s holdings netflow on September 18,” CryptoQuant stated in a blog post.

After reacting positively to the announcement of US bond-market interventions in August, Bitcoin market participants continue to monitor any events surrounding yields. In a report for CME on Sept. 16, Jim Iuorio, CEO of JI Financial Strategies, argued that interventions may represent a liquidity tailwind for Bitcoin and crypto markets.

“Perhaps markets viewed these actions as being dollar-negative, pushing money back into dollar hedges like gold and Bitcoin,” he said.

Authored by Luis Cornelio via Headline USA,

Lawmakers and the Trump administration are investigating the odd disappearance of a U.S.-bound shipment of F-35 fighter jet components from Australia, which were originally meant to be repaired on U.S. soil, according to new reporting by Politico.

The report, published Friday and citing three anonymous sources, noted that an intermediary was transporting the equipment on behalf of American defense manufacturer Lockheed Martin through the Pacific Ocean before it was diverted to Hong Kong.

The three unnamed sources suggested that neither the Pentagon nor Lockheed Martin knows why the shipment ended up in Hong Kong.

The current whereabouts of the components remain unknown, triggering concerns over whether China may have gotten its hands on them.

China, which has tightened its control of Hong Kong in recent years, has long sought to gather intelligence on the F-35 program.

The missing components were part of the F-35 Lightning II, which Lockheed Martin describes on its website as the "most lethal, survivable, and connected fighter aircraft" for America and its allies.

Specifically, among the missing items is an F-35 canopy, a major part of the fighter jet that contains sensitive technology, according to Politico.

????SCOOP: A shipment of F-35 fighter jet parts was rerouted to Hong Kong this summer - then vanished.

Congress and DOD are investigating, amid the possibility that China may now have access to the highly-classified program.

W/ @audrey_decker9https://t.co/u5Ip309Ke9

— Mark Satter (@marksatter) September 18, 2026

The U.S. Government Accountability Office has called the F-35 the "most costly weapon system" in the U.S. military, and the Pentagon has already spent between $200 billion and $250 billion on the program, according to estimates.

The State Department and the Pentagon reportedly briefed lawmakers on the matter in June, the report added.

In a statement, the Pentagon office responsible for the F-35 jets said it was "aware of a shipment issue of unserviceable F-35 Lightning II components."

The military office said an investigation is underway to retrieve the missing components and determine what happened.

Headline USA reached out to the office for further clarification but did not receive a response in time for publication.

Lockheed Martin, for its part, declined to provide information on the matter, citing security reasons, Politico noted.

"Our teams handle every shipment with the utmost diligence and safeguards to ensure the integrity of the F-35 program and the security of our allied partners," the company said.

We asked an F-35 pilot to describe the jet in one word.

His answer: sneaky. ??

But behind that word is a lot of 5th Gen capability: stealth, advanced sensors and the information pilots need to stay ahead when the mission demands it. pic.twitter.com/QrmfBunlwt

— F-35 Lightning II (@thef35) July 9, 2026

After an extremely busy week for central bank decisions, the week ahead brings a mix of economic data, even more central bank decisions, lots of Fed speak, and geopolitical events.

The first read of the September PMIs across the major economies on Wednesday should provide the most timely update on global growth momentum, while investors will also be watching policy decisions from the Norges Bank, Riksbank and SNB on Thursday with their hike probabilities according to futures at 62%, 21% and 5% respectively, according to Deutsche Bank.

Attention will also turn to the meeting between Presidents Trump and Xi on Thursday which will likely garner a lot of headlines. We also have opening week of the UN General Assembly debate in New York.

In the US, the focus will increasingly shift towards next Friday’s payrolls report, which will be the most important data release before the October FOMC meeting. Ahead of that, markets will be very keen to hear from a heavy schedule of Fed speakers throughout the week. These comments will frame last week’s FOMC meeting, where policymakers delivered a widely expected rate increase but signalled a more hawkish policy outlook. The updated projections showed a strong majority of officials anticipating further tightening, while Chair Warsh emphasized that the Committee still sees limited evidence that policy is meaningfully restrictive.  

Fed communication begins today with Chicago Fed President Goolsbee alongside the Chicago Fed National Activity Index. Tomorrow, investors receive the Philadelphia Fed non-manufacturing survey and the Richmond Fed manufacturing index. On the policy front, Fed Vice Chairs Williams and Jefferson are due to speak. Williams is viewed as one of the four officials who are still expected to see the Fed easing by the end of next year, so any hints on that outlook will be closely scrutinized.  

Wednesday’s main event will be the September flash PMIs. Economists expect the US manufacturing PMI to edge down to 53.6 from 53.9, while the services gauge is forecast to ease slightly to 55.9 from 56.5. Given the recent focus on AI-related investment and broader capex trends, these surveys will be watched closely for signs that business activity remains resilient. Fed Governor Barr is also due to speak. Investors will also be watching Wednesday's Treasury buyback announcement ahead of Thursday's 20-30yr operation, particularly after last month's decision to at least double the size of long-end buybacks.  

Thursday sees August new home sales and initial jobless claims. Last week continuing claims hit their lowest since January 2024. Fed speakers include Williams, Barkin, Hammack and Paulson, offering further opportunities for markets to assess where officials stand after last week’s hawkish meeting. Friday’s US durable goods report will be particularly important from a growth perspective. Our economists expect headline orders to rise by 0.6% month-on-month, with orders excluding transportation and core capital goods both expected to increase by 1.1%. The data should provide one of the clearest indications yet of whether the recent strength in business investment is being sustained. Williams and Hammack are also due to speak on Friday.  

Here is a day-by-day calendar, courtesy of DB

Day-by-day calendar of events

Monday September 21

• Data: US August Chicago Fed national activity index, China 1-yr and 5-yr loan prime rates
• Central banks: Fed's Goolsbee speaks, ECB’s Kazimir and Dolenc speak, BoC’s Macklem speaks

Tuesday September 22

• Data: US September Philadelphia Fed non-manufacturing activity, Richmond Fed manufacturing index, business conditions, UK August public finances, Eurozone September consumer confidence
• Central banks: Fed's Williams, Jefferson and Barkin speak, ECB's Nagel and Sleijpen speak
• Auctions: US 2-yr Notes ($69bn)
• Other: General debate of the UN’s General Assembly in New York (until September 28)

Wednesday September 23

• Data: US, UK, Germany, France and Eurozone September PMIs
• Central banks: Fed's Barr speaks, ECB's Vujcic, Zigman and Lane speak
• Auctions: US 2-yr FRN (reopening, $28bn), 5-yr Notes ($70bn)
• Other: OECD’s interim economic outlook

Thursday September 24

• Data: US August new home sales, September Kansas City Fed manufacturing activity, Q2 current account balance, initial jobless claims, Japan September PMIs, Germany September Ifo survey, France September consumer confidence, business confidence, EU27 August new car registrations, Canada July retail sales, Australia labour force survey
• Central banks: Central bank decisions in Norway, Sweden and Switzerland, Fed's Williams, Barkin, Hammack and Paulson speak, ECB’s economic bulletin, BoE’s Dhingra, Breeden and Lombardelli speak
• Earnings: Costco
• Auctions: US 7-yr Notes ($44bn)
• Other: US President Trump and China’s President Xi meeting in the US

Friday September 25

• Data: US August durable goods orders, September Kansas City Fed services activity, UK September GfK consumer confidence, Germany October GfK consumer confidence, Eurozone August M3
• Central banks: Fed's Williams and Hammack speak, ECB's Vujcic speaks

Looking at just the US, The key economic data release this week is the durable goods report on Friday. There are many speaking engagements with Fed officials this week, including events with Governor Barr on Wednesday, President Paulson on Thursday, President Hammack on Thursday and Friday, and President Williams on Tuesday, Thursday, and Friday.

Monday, September 21 

• There are no major economic data releases scheduled.
• 06:30 AM Chicago Fed President Goolsbee (FOMC non-voter) speaks: Chicago Fed President Austan Goolsbee will speak about monetary policy at the Official Monetary and Financial Institutions Forum in London. Speech text and Q&A are expected. On August 28, Goolsbee said, “As I look at the inflation data, we were above the target, then it was going the wrong way, then we got a couple of months of more benign readings but that certainly doesn’t feel like we’re out of the woods.”

Tuesday, September 22 

• There are no major economic data releases scheduled. 
• 10:05 AM New York Fed President Williams speaks: New York Fed President John Williams will give keynote remarks during the New York Fed’s Treasury Market Conference. Speech text is expected. On September 2, Williams explained that “we are neither seeing second-round effects, nor unusual broadening of the effects of higher energy prices, and we are seeing well anchored inflation expectations,” though his comments came prior to September’s warmer CPI print.
• 10:20 AM Fed Vice Chair Philip Jefferson speaks: Fed Vice Chair Philip Jefferson will speak at the New York Fed’s Treasury Market Conference on discount window modernization and Treasury market functioning. Speech text is expected.
• 01:00 PM Richmond Fed President Barkin (FOMC non-voter) speaks: Richmond Fed President Tom Barkin will deliver a speech to the CFA Society Baltimore. Speech text and Q&A are expected.

Wednesday, September 23 

• 09:45 AM S&P Global US manufacturing PMI, September preliminary (consensus 53.5, last 53.9); S&P Global US services PMI, September preliminary (consensus 56.0, last 56.5)
• 10:05 AM Fed Governor Barr speaks: Fed Governor Michael Barr will speak on housing at the Chicago Fed Community Development Summit. Speech text and Q&A are expected. On September 1, Barr said, “A series of shocks—from tariffs and then the conflict in the Middle East, as well as from the rapid AI buildout—has pushed us off course. And core non-housing services inflation remains elevated.” He also added that “with inflation above target for a protracted period, there is a risk of broader price pressures taking hold, a risk I am watching closely.”

Thursday, September 24 

• 04:10 AM New York Fed President Williams speaks: New York Fed President John Williams will participate in a moderated discussion during the London Macro Policy Forum. Q&A is expected.
• 08:00 AM Richmond Fed President Barkin (FOMC non-voter) speaks: Richmond Fed President Tom Barkin will participate in a fireside chat at The Economic Club of Washington D.C. Q&A is expected.
• 08:30 AM Initial jobless claims, week ended September 19 (GS 200k, consensus 200k, last 196k): Continuing jobless claims, week ended September 12 (consensus 1,750k, last 1,730k)
• 08:50 AM Cleveland Fed President Hammack (FOMC voter) speaks: Cleveland Fed President Beth Hammack will give opening remarks at the Inflation: Drivers and Dynamics Conference hosted by the Cleveland Fed and the European Central Bank. Speech text is expected. On September 4, Hammack stated, “Both the hard data and the anecdotes are telling me the same thing: policy is not restrictive. Inflation is too high—and the longer it stays above our objective, the harder it will be to bring it back down…Right now, what I’m hearing is that it is time to act.”
• 10:00 AM New home sales, August (GS +0.7%, consensus +1.3%, last -10.5%)
• 10:10 AM Philadelphia Fed President Paulson (FOMC voter) speaks: Philadelphia Fed President Anna Paulson will speak about the economic outlook at the Tenth Annual Fintech Conference hosted by the Philadelphia Fed. Speech text is expected. On August 4, Paulson explained that she sees “two plausible scenarios for how current policy is affecting inflation.” One is that “the current setting of the federal funds rate is mildly restrictive and this will bring inflation to 2 percent in an acceptable time frame” and the other is that “current policy is not restrictive enough to deliver our target rate of 2 percent inflation.”

Friday, September 25 

• 05:15 AM New York Fed President Williams speaks: New York Fed President Williams will participate in a policy panel during the 6th Monetary Economics Conference in Oxford, UK. Q&A is expected.
• 08:30 AM Durable goods orders, August preliminary (GS -1.0%, consensus -0.3%, last +1.1%); Durable goods orders ex-transportation, August preliminary (GS +0.6%, consensus +0.6%, last +0.4%); Core capital goods orders, August preliminary (GS +0.5%, consensus +0.7%, last flat); Core capital goods shipments, August preliminary (GS +0.3%, consensus +0.7%, last +1.2%): We estimate that durable goods orders declined 1.0% in the preliminary August report (month-over-month, seasonally adjusted) based on our tracking of commercial aircraft orders. We forecast a 0.5% increase in core capital goods orders—reflecting continued strength in the new orders components of manufacturing surveys in August—and a 0.3% increase in core capital goods shipments—reflecting the continued increase in core capital goods orders in recent months.
• 10:00 AM University of Michigan consumer sentiment, September final (GS 47.5, consensus 47.5, last 47.8): University of Michigan 5-10-year inflation expectations, September final (GS 3.4%, last 3.4%)
• 2:00 PM Cleveland Fed President Hammack (FOMC voter) speaks: Cleveland Fed President Beth Hammack will participate in a policy panel discussion at the Inflation: Drivers and Dynamics Conference hosted by the Cleveland Fed and the European Central Bank. Q&A is expected.

Source: DB, Goldman

Just as the Iranian delegation of President Masoud Pezeshkian is set to fly to New York City for this week's UN General Assembly, where it's expected that the Iranians could be engaged in some sideline diplomacy with the White House, another tanker incident has unfolded off in the Persian Gulf area.

The UK Maritime Trade Operations (UKMTO) agency is reporting Monday that an oil tanker has been "struck by an unknown projectile" while on an inbound transit route in the Strait of Hormuz.

As a result of the attack under as yet unknown circumstances two crew members suffered "minor injuries". But the vessel is reportedly in good enough shape to continue on to its next port of call.

It may have been the result of a small drone, given what appears to only be light damage or an incident not significant enough to put the vessel out of commission. Tehran is seeking to keep its leverage and 'control' over the vital energy transit waterway.

"Vessels are advised to transit with caution and report any suspicious activity to UKMTO," the reiterated. 

But oil prices have slid to their lowest in 11 days amid optimism that Iran's Pezeshkian could hold talks with US officials, or else could engage in renewed diplomacy via mediators on the UN sidelines.

Trump in a Sunday Fox News interview actually indicated openness to a meeting with Pezeshkian, in a first of the war. Trump was asked about the high level UN meeting and surprisingly he went so far as to say he would "probably be open" to meeting with the Iranian president.

Still, this was all coupled with threats. In Trump's mind, there seem to be three options on the table, or as he put it--"to obliterate Iran, letting it rot economically or reach a deal."

Tim Waterer, chief market analyst at KCM Trade, has observed, "It seems that a degree of risk premium is being removed from oil prices on hopes that a diplomatic path to de-escalate the US-Iran war may arrive this week."

Meanwhile, a regional US commander has claimed that oil and liquefied natural gas shipments through the the Strait of Hormuz have reached their highest level in six months. This is being hailed as a sign that US naval protection and mine-clearing efforts could finally be paying off.

Iran has meanwhile over the weekend once again warned US allies in the region that they'll be considered "complicit" if the US resumes it military assault on the Islamic Republic. The Iranian military HQ stated that "any mistakes will result in painful attacks."

Iran’s President Will Enter the U.S. DURING the War for the UN Meeting

This is VERY RISKY

President Masoud Pezeshkian is expected to travel to New York in the coming days to address the UN General Assembly and meet world leaders.

The security situation is extraordinary. Dr.… pic.twitter.com/AtY24KDYEd

— Ryan Rozbiani (@RyanRozbiani) September 20, 2026

Tehran further indicated Sunday that it is still awaiting Trump's response to its conditions for ending the war. Mohammad Bagher Ghalibaf confirmed to AFP that Iran's demands were sent to Washington via the Qataris. The US could decide to convey its counter offer while the Pezeshkian delegation is in town.