Summary
- A Pakistani diplomatic source said mutual concessions by both sides are needed to keep talks between the US and Iran going.
- The source said current talks have made limited progress because of differences over the nuclear program, sanctions and control of the Strait of Hormuz.
- The market is focused on the view that mutual concessions are unavoidable for a deal, and that any shift in either side's position will be key to easing tensions in the Middle East.
Forecast Trend Report by Period
Pakistan says the US and Iran both need to make concessions to keep their talks from stalling, in what appears to be a pragmatic assessment from a country involved in mediation efforts.
Walter Bloomberg reported on April 23 that a Pakistani diplomatic source said both Washington and Tehran would need to give ground for negotiations to continue.
The talks have made limited progress amid differences over the nuclear program, sanctions and control of the Strait of Hormuz.
The US is seeking limits on nuclear activity and tighter controls on uranium. Iran, meanwhile, is demanding sanctions relief and an end to maritime blockades as core conditions.
Markets are focused on the view that mutual concessions are unavoidable if the two sides are to reach a deal. Any shift in their positions will be a key factor in restarting talks and easing tensions in the Middle East.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
