Deputy foreign minister Kazem Gharibabadi said Tehran halted implementation after alleged U.S. breaches and “aggressive actions,” while a Foreign Ministry spokesperson later said talks could proceed if aligned with Iran’s national interest.
Iran said it has suspended all of its obligations under a memorandum of understanding with the United States after alleged U.S. breaches, according to deputy foreign minister Kazem Gharibabadi in comments carried by ISNA on July 18. Gharibabadi said Washington violated commitments under the Islamabad memorandum through “aggressive actions” and chose escalation instead of negotiations. In a later signal reported by Odaily on July 20, an Iranian Foreign Ministry spokesperson urged the U.S. to honor the memorandum, said its terms were clear, and indicated negotiations could proceed in line with Iran’s national interest. Markets are watching any resumption of U.S.-Iran talks for clues on Middle East tensions and broader risk sentiment.