Breaking: Iran won't negotiate with the US until Trump's term is done
In a major setback to efforts to reopen the Strait of Hormuz and cool Middle East tensions, Iran ruled out any future negotiations with United States (US) President Donald Trump, according to Iranian outlets and a X post by an adviser to Parliament Speaker Mohammad Bagher Ghalibaf.
Iran has firmly rejected any talks with the United States until President Donald Trump's term concludes on January 20, 2029, according to Iranian sources and a statement from a member of Parliament Speaker Mohammad Bagher Ghalibaf's advisory team. Majid Shakeri, an adviser to Ghalibaf, stated that Tehran will remain committed to its stance until the US President's term ends.
A potential deal to reopen the Strait of Hormuz remains unattainable, with analysts highlighting the ongoing risk factors, which include Houthi strikes on Saudi energy infrastructure and continued disruptions in Russian exports and refining due to the Ukrainian conflict. These issues continue to fuel the geopolitical risk premium in oil prices.
The US dollar showed strength against various major currencies, including the Japanese Yen, while gold experienced a decline, hitting weekly lows as it traded near $4,530 per troy ounce. Meanwhile, cryptocurrencies such as Bitcoin and Ethereum also faced pressure, with Bitcoin falling below $80,000 and Ethereum dropping to $2,500.
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