Iran's Baghaei: Sovereignty and territorial integrity of Lebanon part of agreement with US

Eren Sengezer FXStreet

Esmail Baghaei Hamaneh, the Spokesperson for the Ministry of Foreign Affairs of Iran, said on Monday that respecting sovereignty and territorial integrity of Lebanon is a part of the interim agreement with the United States (US).

"Regional visits are on the agenda before the signing of agreement with the US in Switzerland," Baghaei added and said that the US will commit itself to give Iran access to its frozen funds but the US will not give Tehran any money.

Market reaction

The US Dollar (USD) Index showed no immediate reaction to these comments and it was last seen losing 0.25% on the day at 99.55.

Additional takeaways

"Tehran will take measures to ensure safe passage in Strait of Hormuz in coordination with Oman and other countries, this will be for a specific time and corresponding to the US' own commitments."

"The US is obliged to deliver its commitments under the agreement, failure to do so will lead to reciprocal measures from Tehran."

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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