Iranian Foreign Minister Araghchi reiterates Strait of Hormuz is closed to countries at war with Iran and says the US President must change his approach, also noted that a gaurantee from 1-2 countries or from the UN Security Council is not enough
Says:
- Iran has no plans for negotiations with the US.
- We are ready for any ground threat and are ready for at least six months of war.
Context
The remarks from Iranian Foreign Minister Araghchi regarding the closure of the Strait of Hormuz signal escalating tensions and a firm stance against the US. This assertion could lead to concerns over energy supply disruptions, particularly impacting oil prices and related commodities, while increasing volatility in currency markets tied to geopolitical risk.
Trade the TapeGet this analysis live, the moment it breaksNewsquawk's real-time dashboard delivers market-moving headlines and instant context to your desk before the rest of the market reacts.
Open Dashboard#UNITED STATES#USD#EUR#IRAN#JAPAN#JPY#UNITED KINGDOM#GBP#EUROPE#FOREIGN MINISTER#UN#FOREX#ENERGY#METALS#ASIAN SESSION#WTI#COMMODITIES#GOLD#METALS & MINING#MATERIALS (GROUP)#DXY