Latest US proposal to Iran contains some unacceptable provisions – Tasnim News Agency

Citing an unnamed source, Iran's Tasnim News Agency reported that Iran has not yet responded to the United States' latest proposal, which contained some unacceptable provisions.

According to the news agency, Iran sees US media reports on a deal between Iran and the US as aimed at justifying US President Donald Trump’s retreat from his latest hostile action on the Strait of Hormuz.

"Using the language of threat against Iran is ineffective, could worsen the situation for the US," the source added.

Market reaction

The US Dollar (USD) Index recovered from the two-month low it set near 97.60 following this headline. At the time of press, the USD Index was down 0.5% on the day at 97.97.