U.S.-Iran War Update: Iran Reportedly Says No Talks Until U.S. Retreats From Its Positions
Highlights
- An Iranian source said that negotiations are off the table until the U.S. retreats from its positions.
- This follows President Trump's claims that Iran asked for talks to resume.
- Bitcoin is trading flat at around $64,000 as U.S.-Iran talks stall.
The U.S.-Iran tensions remain high, as Iran reportedly rejects negotiations with the U.S. despite recent claims that it had requested to resume talks. Bitcoin continues to trade flat as talks between the U.S. and Iran stall, with no end in sight for the long-running war.
U.S.-Iran War Lingers as Iran Rejects Negotiations With The U.S.
According to a report by Iranian media Fars, Iran has said that negotiations are off the table until the U.S. retreats from its positions. Citing a source close to the negotiating team, Fars reported that Iran has also denied claims that it requested talks with the U.S.
This notably contradicts President Trump’s statement yesterday, in which he said that Iran had requested that talks continue and that the U.S. had agreed, even though the ceasefire is over. Stalled talks between the two sides further cast doubts about when there could be a deal to finally end the U.S.-Iran war, which began in February.
The U.S.-Iran war escalated again this week after the U.S. accused Iran of violating the ceasefire with attacks on at least three oil tankers in the Strait of Hormuz. Iran has maintained that it has control over this major oil chokepoint even as it plans to charge tolls on ships passing through this waterway.
Meanwhile, the Iranian source said that the U.S. withdrawal index includes the implementation of the agreed-upon understandings, such as the formation of the Lebanon working group to end the war and resolve the issue of passage through the Strait of Hormuz. Until then, Iran views speculation about the start of negotiations as unfounded.
Bitcoin Trades Flat as Talks Stall
The Bitcoin price is trading flat as talks to end the U.S.-Iran war stall. The leading crypto is currently trading at around the psychological $64,000 level, up less than 1% today, according to TradingView data.
It is worth noting that the U.S. has also made demands of Iran even as peace talks stall. According to the New York Times, U.S. officials said that Iran must issue a statement announcing that it will stop firing on ships in the Strait of Hormuz. The U.S. also warned that there will be consequences if Iran does not issue a statement on the opening of the Strait of Hormuz passages.
As the U.S.-Iran war escalates again, the U.S. Treasury has announced new sanctions against Iran. These actions target a key financier for the Supreme Leader and also Iran’s Shadow Exchange.
Please check out our page on Regulated Crypto Exchanges in the USA
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