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Tehran has received Pakistan’s proposal, it is being reviewedWill not accept deadlines or pressure to make a decisionIran will not reopen Strait of Hormuz Strait of Hormuz in exchange for a ‘temporary ceasefire’Believes that US lacks readiness for a permanent ceasefireIf there’s any question that Iran might want to strike a deal before tomorrow, that thought is slowly dissipating as the hours continue to roll by. As a reminder, US president Trump delivered a warning to Tehran that tomorrow will be “power plant and bridge day” – alluding to massive strikes against Iran.The official above confirms that Iran has received Pakistan’s peace proposal and are reviewing it. However, they aren’t willing to go as far as to accept any ‘temporary ceasefire’. And that means the Strait of Hormuz will stay in de facto closure, which will continue to infuriate Trump even further.For some context, Axios had earlier in the day report that “Iran mediators are looking to make a last-ditch push for a 45-day ceasefire”. Reuters at the time said it could not verify the report. And now, we’re getting this. So, that tells a lot about the current mood and how both sides are appearing to still be far from any peace agreement before tomorrow.There’s still time for things to change but Iran doesn’t seem interested. So, will the can be kicked down the road again tomorrow? We shall see.
This article was written by Justin Low at investinglive.com.
💡 DMK Insight
Iran’s firm stance on the Strait of Hormuz is a critical signal for oil traders right now. With tensions escalating and Iran rejecting any pressure for a ceasefire, the potential for disruption in this vital shipping lane could lead to significant volatility in oil prices. Traders should keep an eye on Brent crude, which often reacts sharply to geopolitical tensions. If Iran were to act on its threats, we could see prices spike, especially if they approach key resistance levels. The broader implications could ripple through related markets, including currencies tied to oil exports, like the Canadian dollar. Watch for any developments in the coming days, as the situation is fluid and could change rapidly, impacting both short-term and long-term trading strategies.
📮 Takeaway
Keep an eye on Brent crude prices; any escalation in Iran’s threats could trigger a significant price spike, especially if it breaks above recent resistance levels.
