Iran said on Monday that it has demanded an end to hostilities in the region and a thaw in its assets, following Donald Trump’s rejection of the Iranian proposal, leading to an increase in oil prices.
“The only thing we demanded are the legitimate rights of Iran,” said the Foreign Ministry spokesperson Esma’il Baghaei.
Among the demands of the Islamic Republic are “the end of the war in the region,” including in Lebanon, the lifting of the American blockade of Iranian ports, and “the release of assets belonging to the Iranian people, which have been unfairly blocked for years.”
The previous day, the American president expressed his dismay on his social media platform, labeling the Iranian response as “TOTALLY UNACCEPTABLE!”
These statements caused oil prices to surge, raising doubts about the immediate resumption of talks and a quick reopening of the strategically important Strait of Hormuz, controlled by Iran since the conflict began on February 28.
On Monday, the North Sea Brent barrel, a benchmark on the European continent, rose by 1.74% to $103.05, an increase of over 50% compared to pre-conflict levels.
According to the Wall Street Journal, Tehran’s proposal includes a gradual reopening of the Strait of Hormuz and a simultaneous lifting of the American naval blockade.
The United States and Iran have accused each other of violating the ceasefire, escalating tensions in the region where thousands of lives have been lost mainly in Iran and Lebanon.
Israeli Prime Minister Benjamin Netanyahu stated that the conflict is far from over, emphasizing the need to remove enriched uranium from Iran and dismantle enrichment sites.
Amid concerns of a major humanitarian crisis due to the potential blockage of Hormuz, efforts for peace negotiations continue as the countries involved navigate complex diplomatic channels.
