Iran vows “decisive response” to any US “miscalculation”
Iran’s joint military command warned any US interference in the Strait of Hormuz will be met with a “decisive and swift response” as tensions continue to roil negotiations, Aljazeera reported on Thursday.
Meanwhile, the US envoy to the United Nations Security Council (UNSC), Mike Waltz, warned Iran over threats to close the Strait of Hormuz during an emergency session of the UNSC.
US President Donald Trump said on Thursday that “I think they have accepted nearly everything we require.” His remarks came as Qatar reported “positive progress” after the US and Iran conclude indirect technical talks in Doha on issues related to the Memorandum of Understanding (MoU) signed on June 17.
However, Reuters reported that the US and Iran concluded a round of indirect talks on Wednesday with no sign that they had made headway toward lasting peace.
Market reaction
At press time, the WTI Oil price trades 0.60% higher at around $68.45.
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