Iranian authorities have confirmed that direct negotiations with the United States have not yet started. This stance comes amidst ongoing discussions and speculation regarding a previous understanding signed in late June, which many believed had a 60-day timeframe for certain issues.
According to Iran, the primary reason for the lack of engagement is the United States' alleged non-compliance with the terms of that earlier memorandum. Tehran emphasizes that any policy formulation will not occur under external pressure or within imposed deadlines. This context is important for forex and CFD traders as geopolitical tensions, particularly involving major oil-producing nations, can significantly impact crude oil prices and currency pairs linked to commodity markets.
Details on the Disputed Memorandum
- The original agreement outlined a 60-day period for addressing two key areas: the lifting of sanctions and nuclear-related issues.
- This timeframe was explicitly stated as extendable.
- Iran asserts that US violations rendered this 60-day timeline irrelevant shortly after the memorandum's signing.
- Despite some parties attempting to link the current situation to the original 60-day period, Iran maintains that the understanding effectively dissolved early on.
The initial memorandum was intended to establish conditions conducive to future nuclear talks, including Iran's commitment to reopening the Strait of Hormuz and the US lifting its naval blockade. However, these conditions reportedly deteriorated within weeks of the agreement's inception.
In summary, Iran's position remains firm: no talks have begun with the US, and the previously discussed 60-day timeframe for an understanding is no longer considered valid due to alleged US breaches.
📰 Based on reporting from: ForexLive →