A spokesperson from the Iranian Foreign Ministry said during the European session on Monday that Tehran is “negotiating an end to the war and is not currently discussing nuclear issues.” He added, “Management of the strait belongs to the coastal countries.”

Separately, a senior Iranian diplomat said that the nuclear issue and highly enriched uranium reserves will be discussed with the United States (US) in 60-day negotiations in exchange for the lifting of sanctions and unfreezing of assets, the Iranian Student News Agency (ISNA) reported.

“Management of the Strait of Hormuz is an Iranian-Omani issue which Tehran is negotiating with Oman,” a senior Iranian diplomat said.

The statement from Tehran appears to be in contrast with the post on Truth Social from US President Donald Trump, released over the weekend, where he said that the agreement with Iran is “largely negotiated”, adding, “Final aspects and details of the Deal are currently being discussed, and will be announced shortly. In addition to many other elements of the Agreement, the Strait of Hormuz will be opened.”

Additional remarks from Iran’s Foreign Ministry

We do not currently have a plan to send a delegation to Pakistan.

We’ve reached conclusions on many topics discussed, but that does not mean we’re close to signing an agreement.

End of war on all fronts, including Lebanon, will be part of the potential agreement.

We will not take tolls on the Strait of Hormuz.

It’s normal that services that will be provided would require a price, but should not be presented as tolls.

Market reaction

A strong recovery move is seen in the WTI Oil price and the US Dollar (USD) after comments from Iran. As of writing, the WTI Oil price bounces back to near $91.60 from its intraday low of $89.52. The US Dollar Index (DXY) recovers to near 99.10 after stabilizing around 99.0.

Octalas AI

Profit

Everyone's racing to cut costs. We're racing to create profit.

Start Selling through Service

Start Trial

Free for 14 days · No credit card required