Iran assures discussing nuclear and uranium issue in exchange for lifting sanctions

According to the Iranian Student News Agency (ISNA), a senior Iranian diplomat said that the nuclear issue and highly enriched uranium reserves will be discussed with the United States (US) in 60-day negotiations in exchange for the lifting of sanctions and unfreezing of assets.

“Management of the Strait of Hormuz is an Iranian-Omani issue which Tehran is negotiating with Oman,” a senior Iranian diplomat said.

Separately, a spokesperson from the Iranian Foreign Ministry said that Tehran is "negotiating an end to the war and is not currently discussing nuclear issues." He added, "Management of the strait belongs to the coastal countries."

The statement from Tehran indicates that US President Donald Trump's demands of Iran handing over its uranium enrichment and surrendering its nuclear ambitions were not part of the "largely negotiated" terms of the agreement, which he stated in his post on Truth Social over the weekend.

Market reaction

A strong recovery move is seen in the WTI Oil price and the US Dollar (USD) after comments from Iran. As of writing, the WTI Oil price bounces back to near $91.60 from its intraday low of $89.52. The US Dollar Index (DXY) recovers to near 99.10 after stabilizing around 99.0.