Some Iranian officials had said as late as Tuesday that Iran was considering meeting with US negotiators in Islamabad, Pakistan, over the next week to discuss US President Trump’s proposal but would not entertain a temporary cease-fire, NYT reports
- Iran does not want a momentary pause in the fighting, fearing that Israel and the United States would use that opportunity to beef up their forces before resuming strikes.
Context
The indication that Iran is open to talks with US negotiators reflects a potential shift in diplomatic dynamics, even as they reject a temporary cease-fire. This could lead to increased volatility in markets sensitive to geopolitical risk, particularly oil and FX, given the implications for US-Iran relations and regional stability.
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