USD/IRR Steady as Iran Denies Nuclear Deal Progress, Talks Continue

The US dollar remains stable against major pairs as geopolitical tensions surrounding Iran's nuclear program show limited immediate impact on forex markets. Iran's parliament has pushed back against speculation that a tentative ceasefire extension framework could lead to rapid progress on the nuclear file, with officials stating no nuclear commitments have been made. Foreign Minister Abbas Araqchi confirmed that message exchanges and talks with the United States are continuing, offering a more measured diplomatic tone. The lack of a concrete breakthrough keeps a modest risk premium in place, supporting safe-haven currencies such as the USD, JPY, and CHF. Crude oil prices remain sensitive to these developments, with any escalation or breakdown in talks potentially driving USD strength through energy market channels. Traders should monitor developments closely, as a sudden diplomatic breakthrough could ease geopolitical risk premiums and weaken safe havens, while a collapse in negotiations could trigger risk-off flows. Near-term, the market is likely to remain range-bound on this headline until substantive progress or deterioration materializes.