Iran Urges US to End 'Piracy' Against Its Ships, Show Good Faith
Summary
- An Iranian Foreign Ministry spokesman urged the US to halt what he called piracy against Iranian ships and prove its good faith.
- The US has stepped up a crackdown on the shadow fleet and tightened maritime sanctions to block Iranian oil exports.
- Markets are watching whether progress in US-Iran negotiations and changes in Middle East shipping risks will affect international oil prices and global financial markets.
Forecast Trend Report by Period
Iran called on the US to stop pressuring its ships, underscoring persistent tensions even as Washington and Tehran continue negotiations.
On May 20, an Iranian Foreign Ministry spokesman told state television that "the United States must stop its 'piracy' against Iranian ships and prove its good faith."
He argued that US sanctions on Iran and moves to police its shipping are harming the atmosphere for talks.
The US has recently stepped up maritime sanctions and its crackdown on the so-called shadow fleet to block exports of Iranian crude.
The Treasury Department had previously asked Asian allies to cooperate in cracking down on shipping networks tied to Iran.
The US and Iran are continuing talks over Tehran's nuclear program and the Strait of Hormuz, but the gap between the two sides remains wide.
Markets are watching whether progress in US-Iran negotiations and changes in Middle East shipping risks will affect international oil prices and global financial markets.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
