Iran's Foreign Ministry Spokesperson says they had no talks with the US, via IRNA; in recent days, friendly countries sent messages indicating US request to talks to end the war but Iran did not respond
Conditions to end the war have not changed, including stance on Hormuz.
Context
The Iranian Foreign Ministry's denial of talks with the U.S. signals continued geopolitical tension in the region, particularly regarding the Hormuz Strait, a crucial oil transit passage. This could lead to sustained volatility in energy markets and potentially support safe-haven assets like gold and the JPY, while also impacting broader risk sentiment in currencies like the USD and EUR.
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