Oil prices ease a bit after Iran's Foreign Ministry Spokesperson suggests diplomatic efforts are continuing despite the attacks

Negotiations with the US could be pursued based on national interests Mediators have shared messages with Tehran over recent days We have received proposals from mediators in war with US Sovereign rights over Strait of Hormuz are non-negotiable Iran's interior minister to visit Pakistan today Baghaei added that Iran has received proposals from mediators and exchanged messages with them over recent days. His remarks suggest that diplomatic channels remain open despite the collapse of the ceasefire and the renewed exchange of military strikes between the two sides. Pakistan, Qatar and Oman have all continued efforts to facilitate contacts between Washington and Tehran as they seek to prevent a broader regional conflict. However, Baghaei reiterated that Iran's position on the Strait of Hormuz remains unchanged, stressing that the country's sovereign rights over the waterway are "non-negotiable". The dispute over control and navigation through the strait has become one of the principal sticking points in the crisis. Baghaei also announced that Iran's interior minister will visit Pakistan later today. His remarks lifted the broader risk sentiment with crude oil falling a bit, but the risks of further escalations remain elevated and that will keep oil prices underpinned. This article was written by Giuseppe Dellamotta at investinglive.com.

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Oil prices ease a bit after Iran's Foreign Ministry Spokesperson suggests diplomatic efforts are continuing despite the attacks — Image · Forexlive

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5-point summary · 1 min

His remarks suggest that diplomatic channels remain open despite the collapse of the ceasefire and the renewed exchange of military strikes between the two sides.
Pakistan, Qatar and Oman have all continued efforts to facilitate contacts between Washington and Tehran as they seek to prevent a broader regional conflict.
However, Baghaei reiterated that Iran's position on the Strait of Hormuz remains unchanged, stressing that the country's sovereign rights over the waterway are "non-negotiable".
The dispute over control and navigation through the strait has become one of the principal sticking points in the crisis.
This article was written by Giuseppe Dellamotta at investinglive.com.

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