Recent reports have refuted claims of an imminent deal between the U.S. and Iran, stating that while negotiations continue, no breakthrough is close. This reassessment of geopolitical risk caused crude oil prices to rebound above $97 per barrel and triggered volatility across global equity and bond markets. Iranian President Masoud Pezeshkian emphasized that sanctions and threats must be practically removed to pave the way for dialogue, noting that intensified sanctions are closing diplomatic avenues.
The Iranian president's remarks follow a meeting with Pakistan's mediator in Tehran and coincide with U.S. sanctions on shipping agents in the UAE and Singapore, while Qatar says contacts are continuing.
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Iranian Foreign Minister Abbas Araghchi stated that indirect talks with Washington are continuing through Pakistan and Qatar, confirming a persistent diplomatic track despite no imminent deal.