Iran acknowledges receiving US ceasefire proposal through Pakistan - Reuters
Iran has confirmed that it has received the proposal of a ceasefire by the United States (US) through Pakistan and has stated that it is being reviewed, according to a Senior Iranian official, Reuters reports. However, it has clarified that it will not accept any proposal under pressure or deadlines.
Remarks
Tehran has received Pakistan's proposal, it is being reviewed
Will not accept deadlines or pressure to make a decision
Iran will not reopen Strait of Hormuz in exchange for a 'temporary ceasefire'
Believes that US lacks readiness for a permanent ceasefire
Market reaction
The US Dollar (USD) appears to have reacted negatively to Iran's acknowledgement to US ceasefire proposal. As of writing, the US Dollar Index (DXY) trades 0.2% lower to near 100.00.
Impact on WTI Oil Price
WTI oil price has also faced selling pressure after Iran confirmed that it is reviewing the US ceasefire proposal. During the press time, WTI Oil price is down 1.6% to near $102.00.
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