US signals it may block France's Iran plan as it offers millions to boost pressure – CNN


Following a news that the US pair multi-million US Dollar (USD) to the captain of the much-debated Iranian ship that’s making the rounds of Syria, as per last-update, coupled with fresh US sanctions on the Iranian shipping, a news came out from CNN, quoting Trump administration official, that could escalate the geopolitical tension between the US and Iran.

As per the news report, Brian Hook, the US special representative for Iran, said at the State Department that “We can't make it any more clear that we are committed to this campaign of maximum pressure and we are not looking to grant any exceptions or waivers.”

The news also mentions the recent pressure from the US in the form of new sanctions against Iran's "oil for terror network" and a $15 million reward program to disrupt the financial operations of Iran's Revolutionary Guard Corps.

Another important statement in the news report mentions Mr. Hook saying that the US has seen "no concrete proposal" from France on the line of credit.

FX implications

While the US maximum pressure on Iran is gradually fueling the energy prices, the news indicates no respite to the Arab nation even if it is in negotiation with France for a multi-billion USD line of credit.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

FXStreet Trading Signals now available!

Access to real-time signals, community and guidance now!


Latest Forex News

Editors’ Picks

EUR/USD slips below 1.08 amid weak data, coronavirus headlines

EUR/USD is trading below 1.08 as eurozone Sentix Investor Confidence plunges to -42.9, around the 2008 crisis levels. Encouraging coronavirus headlines kept the euro bid earlier.

EUR/USD News

GBP/USD under pressure amid concerns about UK PM´s health

The GBP/USD pair is under pressure trading below the 1.2300 level as news that PM Boris Johnson has been hospitalized due to “persistent symptoms,” according to his spokesman. Rumors mounting Johnson is in worse shape than reported.

GBP/USD News

XRP leads cryptos on the verge of a new bullish trend

XRP/USD crosses the long-term bearish channel ceiling and signals the launch of a new uptrend in the crypto market. Ether should be the positive player in the coming weeks. Market sentiment remains very pessimistic despite the significant improvement in recent hours.

Read more

Gold: Bulls remain in control near 2-week tops, around $1640 region

Gold gained positive traction for the fourth consecutive session on Monday and climbed to near two-week tops, around the $1638 region during the mid-European session.

Gold News

WTI rebounds above mid-$27s as investors stay focused on OPEC headlines

Crude oil prices came under strong selling pressure after developments over the weekend revealed that the OPEC+ emergency meeting got postponed to Thursday to give more time to sides to negotiate.

Oil News

Forex MAJORS

Cryptocurrencies

Signatures