Breaking: Iran won't negotiate with the US until Trump's term is done

FXStreet Team FXStreet

In a major setback to efforts to reopen the Strait of Hormuz and cool Middle East tensions, Iran ruled out any future negotiations with United States (US) President Donald Trump, according to Iranian outlets and a X post by an adviser to Parliament Speaker Mohammad Bagher Ghalibaf. Headlines note that Tehran will wait until the US President’s term ends on January 20, 2029, to resume talks.

"Trump will not reach an agreement with us. We will accompany him until his term ends," Majid Shakeri, adviser to Ghalibaf, said

Oil risk premium underpinned as Hormuz deal stays out of reach

According to TD Securities, a prospective agreement on the Strait of Hormuz remains out of reach, with the bank noting that a "Hormuz deal remains elusive." Strategists highlight that the risk backdrop is being reinforced as "the Houthis' continued strikes on Saudi energy infrastructure, flows via Hormuz and Bab el-Mandeb remain critically choked, and Russian exports and refining remain subdued amid continued Ukrainian attacks," all of which continue to underpin the geopolitical risk premium in Oil.

US Dollar Price Today

The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Japanese Yen.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		0.12%	-0.12%	0.84%	0.01%	0.15%	0.20%	0.25%
EUR	-0.12%		-0.24%	0.72%	-0.10%	0.03%	0.08%	0.13%
GBP	0.12%	0.24%		0.97%	0.13%	0.29%	0.32%	0.37%
JPY	-0.84%	-0.72%	-0.97%		-0.84%	-0.71%	-0.70%	-0.60%
CAD	-0.01%	0.10%	-0.13%	0.84%		0.08%	0.20%	0.22%
AUD	-0.15%	-0.03%	-0.29%	0.71%	-0.08%		0.03%	0.10%
NZD	-0.20%	-0.08%	-0.32%	0.70%	-0.20%	-0.03%		0.06%
CHF	-0.25%	-0.13%	-0.37%	0.60%	-0.22%	-0.10%	-0.06%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).

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