Iran warns of readiness for war and economic costs as U.S. talks falter
Iran's leadership said it is prepared for "war and economic costs" if its talks with the United States stall further. Tehran emphasised its resolve over the future of the Strait of Hormuz. The remarks could deepen tensions in global oil markets.
Iran's foreign ministry said Tehran is prepared for "war and economic costs" if its talks with the United States stall further. The statement said Iran would not yield to threats and that its nuclear programme remains consistent with international agreements.
The remarks followed U.S. President Donald Trump's comment that a 20-year suspension of Iran's nuclear programme could be sufficient. Tehran is demanding the lifting of sanctions and the release of frozen assets as part of any deal.
The de facto closure of the Strait of Hormuz continues to weigh on global oil markets. Brent crude ended Friday volatile, and analysts said a diplomatic stall could trigger a fresh upward move in prices. The European Union called on both sides to return to the negotiating table.
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