Iranian Deputy Speaker of Parliament says if the US does not accept the 10 conditions, the leader of the revolution will not allow them to sign; Strait of Hormuz will not return to its previous state, Fars News reports

The Iranian Deputy Speaker's statement highlights escalating tensions and a firm stance against U.S. negotiations. This could signify a prolonged period of uncertainty regarding regional stability, particularly affecting oil supply routes through the Strait of Hormuz. Traders should consider potential impacts on oil prices and safe-haven assets as geopolitical risks may drive market sentiment.