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Iran denies planned talks with US, oil prices rise

Iran denies planned talks with US, oil prices rise

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Iran on Monday denied that new indirect talks with the United States were scheduled. It was responding to a statement by US President Donald Trump, who said he expects talks with Tehran to resume soon. ANSA ↗

Trump also rejected Iran's latest proposal to end the war. The proposal reportedly included halting the fighting between Iran and the United States and reopening the Strait of Hormuz. Tehran is sticking to its conditions and says the conflict with the US and Israel can only be resolved diplomatically. aktuality.sk ↗

The US president said he believes Iran wants a deal but is asking for too much. He therefore rejected Iran's earlier plan to resume operations in the Strait of Hormuz within seven days. Iran subsequently denied that a new round of indirect talks between Tehran and Washington was being prepared. SITA ↗

The uncertainty over further developments was also reflected in financial markets. The price of North Sea Brent crude rose by about three percent on Monday, climbing above $107 a barrel, specifically to $107.38. US WTI crude rose by 2.1 percent. zpravy.aktualne.cz ↗

Investors in Asia and the Pacific reacted skeptically to the possibility of resumed talks between the US and Iran. The main Tokyo index fell by 0.73 percent. Further developments will depend on whether diplomatic contacts can be restored and an agreement reached on the fighting and the regime in the Strait of Hormuz. ANSA ↗

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Geographic locations

Location: Strait of Hormuz
تنگه هرمز, عمان
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Location: Iran
Location: Israel
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