Summary
- Iran’s Foreign Ministry said it will not fulfill its obligations under a memorandum of understanding unless the US first honors its commitments.
- Military tensions between the US and Iran are continuing as Iran has said it will close the Strait of Hormuz.
- Markets are watching whether prolonged uncertainty over US-Iran negotiations will weigh on global oil prices and investor sentiment toward risk assets.
Iran’s Foreign Ministry said it will not fulfill its obligations under a memorandum of understanding with the US unless Washington first honors its commitments.
BlockBeats, a crypto-focused media outlet, reported on July 13 that a Foreign Ministry spokesman accused the US of repeatedly violating agreements.
Iran will not carry out the commitments in the memorandum it signed with Washington unless the US fulfills its own promises, the spokesman added.
The comments came as military tensions between the US and Iran continued. Iran’s Islamic Revolutionary Guard Corps Navy recently said it would close the Strait of Hormuz until further notice.
Markets are watching whether prolonged uncertainty over US-Iran negotiations will weigh on global oil prices and investor sentiment toward risk assets.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.