However, there is no definitive decision yet on extending the ceasefire. A US official stated that the Washington administration has not yet officially approved this option. The Iranian Foreign Ministry did not respond to a request for comment on the matter. Nevertheless, another source familiar with the negotiations said that neither the US nor Iran wants a renewed large-scale conflict.
Related News Analyst Conducts Technical Analysis on Bitcoin: Current Situation Resembles 2014 – Here’s What Happened Back Then
U.S. President Donald Trump, in an interview with Fox Business, stated that the war, which has been ongoing for nearly seven weeks, is “very close to its end,” downplaying the likelihood of renewed fighting.
The conflict, which escalated with the US and Israeli attacks on Iran on February 28, caused significant destruction throughout the region. Iran’s retaliatory attacks had widespread repercussions in the Middle East, and the Iranian regime’s de facto closure of the Strait of Hormuz led to sharp increases in energy prices.
However, resolving the fundamental disagreements between the parties does not seem easy. Iran maintains its right to use nuclear energy for peaceful purposes, while the US administration states that these activities must cease entirely. Washington and Tel Aviv also argue that Iran’s stockpiles of highly enriched uranium must be transferred or destroyed.
Iranian Foreign Ministry spokesman Asmail Baghaei stated that his country’s right to use nuclear energy for peaceful purposes is “inalienable,” but that the enrichment level and methods are open to negotiation.
*This is not investment advice.