US-Iran Stalemate May Keep Peso Weak - BusinessWorld Online

US-Iran stalemate may keep peso weak - BusinessWorld Online

THE PESO could continue to trade in a narrow range this week as the lack of progress on a deal to end the conflict between the United States and Iran will likely continue to drive demand for the dollar. On Friday, the local unit rose by 15.5 centavos to close at P61.47 against the greenback from its P61.625 finish on Thursday. However, week on week, the peso declined by eight centavos from its P61.39-a-dollar close on May 29. “The dollar-peso cl…

Iran says US ‘changing, contradictory’ positions keep talks stalled

Iran says the US's changing and contradictory positions are the main obstacle that keeps talks stalled between the two countries.

Iran FM Blames U.S. “Contradictions” On Stalled Peace Talks As Tehran Slaps Million-Dollar Hormuz Tax On Ships

Iran FM Blames U.S. “Contradictions” On Stalled Peace Talks As Tehran Slaps Million-Dollar Hormuz Tax On Ships The U.S. and Iran remain stuck in preliminary talks to end the war, with the main obstacle being Tehran’s demand for access to billions of dollars in frozen assets and the Trump administration’s refusal to provide upfront cash...