Reuters reports

US Iran
  • Says that Trump's message to Iran said "we don't want war but talks"
  • Also gave Iran a deadline to start talks

The report notes that Trump gave Iran "a limited period of time" to respond to the message and Iran's immediate response was a stark warning over "regional and international consequences" if there was any US military action. It is said that Iran's supreme leader was also against "any kind of talks" with the US at this point in time.

Yup, as such, expect the tensions to rage on between the two countries over the coming days/weeks and that will remain a risk for markets - oil in particular.