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.
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