Iranian state-run IRNA confirms text of proposal was delivered Thursday

This headline signals a continuation of diplomatic negotiations involving Iran, the U.S., and Pakistan, with Tehran prioritizing peace discussions.

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Iranian state-run IRNA confirms text of proposal was delivered Thursday

[MARKET UPDATE] Risk on trade seen after Axios runs the news about Iran delivering its response, initially reported by Iranian journalist Massoumi; ES rose from 7,254 to 7,272 before trimming towards 7,265 while Brent fell USD 1.20/bbl before paring

Iran delivered on Thursday to the US through the Pakistani mediators its response to the latest US amendments on the agreement to end the war, Axios' Ravid reports citing sources

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Full post:

"Iran gave the text of the latest negotiation plan to the Pakistani mediator   

The Islamic Republic of Iran has delivered the text of its latest negotiation plan to Pakistan on Thursday evening, May 10, as a mediator in negotiations with the United States.   

Ismail Beqaei, the spokesman of the Ministry of Foreign Affairs, emphasized in a television interview last evening that the end of the war and lasting peace is Tehran's priority in negotiations with the United States."

Context

The delivery of their negotiation proposal could be seen as a step toward easing tensions, particularly in relation to sanctions or military actions. Market participants should watch for potential implications on oil prices and safe-haven assets like gold in response to any further developments or shifts in sentiment.

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