Iran confirms Qatar, Oman, and Pakistan continue to mediate with US
A spokesperson from the Iranian Foreign Ministry has confirmed in the European trade on Monday that efforts from Qatar, Oman, and Pakistan to mediate tensions with the United States (US) continue. However, he confirmed that Iran won’t execute its commitments in the memorandum of understanding (MoU) as long as the US is not fulfilling its commitments.
Additional remarks
We are not the ones that is violating the MoU.
US is the one repeatedly breaching it.
The MoU is going through a crisis phase currently.
Iran trying to reach a joint mechanism with Oman on Strait of Hormuz but US is hindering those efforts.
Market reaction
The continued efforts from various nations to ease tensions between the US and Iran appear to have eased demand for safe-haven assets. At press time, the US Dollar Index (DXY) trades 0.12% lower at around 100.85, turning upside down after a strong opening.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
AI Bubble, Diesel Shock, Surging Yields! Bank of America’s Hartnett Warns of Approaching Autumn Stagflation Risk
Bank of America Chief Strategist Hartnett issued a triple warning: the diesel crack spread has reached a historic high of $102 per barrel, the 30-year U.S. Treasury yield has risen to its highest level since 2007, and under the AI frenzy, total factor productivity (TFP) has fallen below its long-term trend line—signaling a convergence of stagflation risks this autumn. He warns that “a complacent market combined with tough policies is a breeding ground for volatility,” and bluntly states, “It’s not too late to hedge against the AI bubble now.”
Canadian Dollar gains support from higher oil prices amid Saudi pipeline disruptions
Three Giants Call for "Slowdown": AI Confidence Wavers, Oil Prices Break $100, Federal Reserve Rate Hike Imminent—U.S. Stocks May Face the Most Dangerous Week This Year
The Federal Reserve may raise interest rates, AI slowdown severely impacts chip stocks, Saudi pipeline attack drives up oil prices—this week, the US stock market faces a dual pressure test from inflation and risk appetite.
Crypto prices
More
