Iranian Parliament Speaker Mohammad Bagher Ghalibaf has publicly declared that key provisions of a proposed 10-point negotiation framework with the United States have been violated, casting significant doubt on the viability of planned talks and a ceasefire. In a statement on social media platform X, Ghalibaf asserted that three of the ten points, which he described as a “viable basis for negotiation,” were breached even before discussions could begin. He stated that under these circumstances, a ceasefire or negotiations are “illogical.”
The 10-point plan, previously endorsed by US President Donald Trump as a viable basis for talks, encompasses critical issues including the scope of a ceasefire, the lifting of sanctions, the cessation of regional conflicts, and the recognition of Iran's rights concerning its nuclear program. According to Ghalibaf, the specific violations include a failure to uphold the ceasefire commitment across all regions—particularly Lebanon—violations of Iranian airspace, and the denial of Iran's right to enrich uranium. The Iranian government argues these actions have severely eroded trust between the parties.
The geopolitical strain deepened as Iran issued a warning that it could withdraw from the ceasefire entirely if Israeli attacks in Lebanon persist. Iranian media outlet Tasnim cited an informed source signaling the potential for a forceful response. Reuters reported on one of the fiercest episodes in the ongoing battle in Lebanon, highlighting the escalating conflict.
The immediate impact reverberated through global financial markets. Following Ghalibaf's announcement, the price of Bitcoin (BTC) fell by approximately 0.65%, reflecting a flight to safety amid heightened uncertainty. Concurrently, oil markets reacted to the increased risk of disruption to flows through the critical Strait of Hormuz. While losses in WTI crude oil futures narrowed somewhat, prices were reported to have fallen by over 15% from recent levels. In contrast, US stock futures showed limited gains, with S&P 500 futures up 2.4%.
