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US President Donald Trump says not seeking extension of Iran MOU

US President Donald Trump said that he is not interested in renewing the expiring agreement with Iran, Bloomberg reported on Monday.

US President Donald Trump says not seeking extension of Iran MOU

US President Donald Trump has indicated he will not seek an extension of the Iran nuclear deal, Bloomberg reported on Monday. Trump highlighted Washington's ability to exert influence over Iran, mentioning the naval blockade of Iranian ports. He reiterated his proposal to treat the vital waterway as part of U.S. territory, maintaining full control.

Iran's Foreign Ministry spokesman, Esmail Baghaei, expressed difficulty reaching an agreement due to security issues and "destructive behavior," urging the U.S. to lift the blockade. During the week, Trump's son-in-law, Jared Kushner, traveled to the Middle East in an effort to hasten a U.S.-mediated ceasefire in Gaza. Kushner suggested that Trump would be patient regarding an Iran deal, even though it had not yet been agreed upon.

The West Texas Intermediate (WTI) price for crude oil is currently up 0.06% at $85.07. The terms "risk-on" and "risk-off" are commonly used in finance to describe investor sentiment. In a "risk-on" market, investors are optimistic and more willing to buy risky assets, while in a "risk-off" market, they become more cautious and prefer safer investments.

Various currencies and commodities are affected differently depending on the prevailing market sentiment.

Written by urgent.news from FXStreet's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at fxstreet.com →

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