Key insights
- Iran has set preconditions for peace talks with the U.S., including a halt to strikes and compensation. They also seek fees for ships passing through the Strait of Hormuz. This increases geopolitical uncertainty, potentially impacting oil prices and shipping costs, which could negatively affect US equities.
DUBAI, April 7 (Reuters) - Iran has set preconditions for talks on a lasting peace with the United States, a senior official told Reuters on Tuesday, including an immediate halt to strikes, guarantees that attacks will not be repeated, and compensation for damage.
The official said Tehran rejects any ceasefire with the U.S. that is only temporary.
He added that a permanent peace deal should allow Iran to demand fees for ships passing through the Strait of Hormuz, which would vary depending on the type of ship, its cargo, and prevailing conditions.
(Reporting by Parisa Hafezi, Writing by Dubai Newsroom; Editing by Kevin Liffey)