Iran’s Foreign Minister Araghchi: Engaged with the US in good faith to end the war

FXStreetApr 12, 2026 10:43 PM

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Iran's Foreign Minister Seyed Abbas Araghchi said early Monday that “Iran engaged with the US in good faith to end the war.”

Additional quotes

When just inches away from Islamabad MOU (Memorandum of Understanding), we encountered maximalism, shifting goalposts, and blockade.

On US-Iran talks, zero lessons earned.

Market reaction

Financial markets have returned to a panic mode, with risk-off flows dominating amid a re-escalation to the Middle East conflict. The US Dollar Index (DXY) is climbing 0.50% so far, weighing heavily on all major currencies. Meanwhile, Oil prices are through the roof.

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