Iran blames US for harming diplomatic process with continued ceasefire violations

Iran's Foreign Ministry spokesperson Esmaeil Baghaei said during the European trading session on Wednesday that Tehran needs to re-assess terms of negotiations with Washington following overnight clashes, SNN reported. Baghaei added that the US has harmed the diplomatic process with its continued ceasefire violations.

On late Tuesday, the US Central Command (CENTCOM) announced that it launched a series of attacks on Iran’s air defense, ground controls stations, and surveillance radar sites near the Strait of Hormuz. This came after a post from US President Donald Trump on Truth Social, in which he vowed retaliation against Iran for shooting down the Apache helicopter over the Hormuz.

Market reaction

No major action seen in the US Dollar (USD), following comments from Iran's Foreign Ministry spokesperson Baghaei. As of writing, the US Dollar Index (DXY) trades 0.1% lower to near 99.90.