US official says it remains committed to resolution with Iran, technical discussions ongoing
A US official signaled that it is still committed to the memorandum of understanding with Iran, even though US President Donald Trump’s declared earlier that the framework deal to end the Iran war was “over” after Tehran carried out strikes against vessels in the Strait of Hormuz and against neighboring countries, the Times of Israel reported on Thursday.
“The United States is still committed to finding a resolution, and technical talks continue,” said the White House.
The statement acknowledges Trump’s comments against the MOU but signals that the US is still prepared to adhere to its terms so long as Iran does the same.
Market reaction
At the time of writing, the West Texas Intermediate (WTI) is down 3.78% on the day at $71.75.
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