Iran’s top negotiator Mohammad Bagher Ghalibaf accuses the United States (US), through a post on X, formerly known as Twitter, of violating major terms of the memorandum of understanding (MoU) signed for a ceasefire in the Middle East.

Iran’s Ghalibaf lists major US violations of MoU

Major MOU Violations by the US.

Violating Iranian adjustments in the Strait

Persistent threats of further strikes.

Reinstating oil sanctions.

Attacks on southern Iran.

Continued Zionist aggression on.

Iran’s top negotiator Ghalibaf also warned that the nation won’t bow to the US, stating, “The era of bullying and extortion is over. It leads nowhere. We don’t fold.”

Also, a spokesperson from Iran’s top joint military command says the US army targeted parts of Southern Iran in ‘blatant aggression’ and warns that our armed forces will give ‘crushing response’ to US attacks. Iran’s military forces reiterate that it won’t allow the US interference in the management of the Strait of Hormuz, a critical chokepoint to almost one-fifth of global energy supply. The spokesperson added, “Only safe route for commercial ships, oil tankers in the Hormuz is one set by Iran.”

Market reaction

No immediate action is seen in the US Dollar (USD) following remarks from Iran’s top negotiator Ghalibaf. At press time, the US Dollar Index (DXY) trades marginally lower to near 101.12

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