Iran received new proposals from the U.S. regarding a lasting end to Middle East conflict, but Tehran signaled it will not compromise.
Iran Declines U.S. Proposals
Iran received “new proposals” from the United States concerning talks for a lasting end to the conflict in the Middle East, Iran’s Supreme National Security Council announced Saturday, adding that Iranian negotiators will not “go for any compromise.”
The Council stated, as cited by the official Irna agency, that the proposals were presented in recent days during a visit by Pakistani army commanders to Tehran as mediators. Iran is currently analyzing the proposals and has not yet responded.
Ceasefire Deadline Looms
The ceasefire in the war between the U.S. and Israel and Iran is set to expire late Tuesday night into Wednesday morning.
Trump Suggests Imminent Agreement
U.S. President Donald Trump has, in recent days, suggested that an agreement with Iran to end the conflict is close.
Conflict Origins and Strait of Hormuz Blockade
The war began on February 28th with a U.S.-Israeli attack on Iran. In response, Tehran blocked the Strait of Hormuz, disrupting traffic to and from the Persian Gulf. This strait is a crucial route for energy resource transportation, normally carrying 20 percent of the world’s oil and liquefied natural gas.
Recent reports have been conflicting regarding Iran’s reopening of the Strait of Hormuz.
Global Energy Market Impact
The disruption of traffic through the Strait of Hormuz caused prices for gas and oil to rise on global markets. Brent crude oil, which was around $70 a barrel before the war, rose to nearly $120 in March and was close to $100 on Friday.
Material protected by copyright law – all rights reserved.
Further distribution of the article with the publisher’s consent INFOR PL S.A. Purchase a license.
Enter the email address of the selected person, and we will send them free access to this article
Copyright © INFOR PL S.A.