Iran has denied reports that it reached a 14-point memorandum of understanding with the United States. According to Xinhua, citing state broadcaster IRIB, Iranian authorities said claims about the supposed arrangement were fabricated, including allegations that it involved reopening the Strait of Hormuz, launching nuclear talks, and unfreezing Iranian funds. A new report also says the US government rejected an Iran state media report about a Hormuz peace deal, while the ongoing diplomatic standoff continues to fuel market volatility and affect global energy prices and investor strategies.