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Iran Foreign Minister Says Trump Sought Talks Because US Has Yet to Meet Goals

Minseung Kang

Summary

Abbas Araghchi, Iran's foreign minister, said President Donald Trump's request for negotiations came because the US had failed to achieve its goals.
Iran's foreign minister said it is reviewing the request from President Trump for negotiations.
Markets view whether the US and Iran resume negotiations as a key factor for easing tensions in the Middle East and for energy price volatility.

Iran's foreign minister revealed the backdrop to President Donald Trump's request for negotiations.

Crypto-focused media outlet Walter Bloomberg reported on April 27 that Iranian Foreign Minister Abbas Araghchi wrote on Telegram that Trump had sought talks because the US had so far failed to achieve its objectives. Araghchi added that Iran is reviewing the request.

Negotiations between the US and Iran have remained deadlocked, repeatedly breaking off and resuming in recent months. Trump has previously said talks could be held by phone if Iran wants them.

Markets view whether the two sides resume negotiations as a key factor that could influence tensions in the Middle East and volatility in energy prices.