Summary
- Iran rejected a US proposal to reopen the Strait of Hormuz, calling it "unrealistic."
- Iran said it would not accept any deal without compensation for war damage and tangible benefits, and would continue its "resistance."
- Markets are focused on how the US-Iran negotiating deadlock could affect Middle East tensions and energy markets, with future sanctions talks and the restoration of normal transit through the strait seen as key variables.
Forecast Trend Report by Period
Iran has rejected a US proposal to reopen the Strait of Hormuz, signaling continued difficulty in the negotiations.
Walter Bloomberg reported on May 7 that senior Iranian official Mohsen Rezaei criticized the US proposal as "unrealistic."
Iran will not accept any agreement unless it includes compensation for war-related damage, he said.
Tehran also will not accept "symbolic concessions" and wants any deal to guarantee tangible benefits.
Rezaei said Iran would continue its "resistance," sticking to its hard-line stance.
Markets are watching how the US-Iran impasse could affect tensions in the Middle East and energy markets. Future sanctions talks and the restoration of normal transit through the strait are key variables.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
