Berliner Boersenzeitung - President says more war not in Iran's interest after fighting flares

EUR -
AED 4.095102
AFN 72.480008
ALL 90.801688
AMD 402.807486
ANG 1.995737
AOA 1023.635334
ARS 1721.721299
AUD 1.61933
AWG 2.007127
AZN 1.900047
BAM 1.955836
BBD 2.250342
BDT 139.162586
BGN 1.948955
BHD 0.422108
BIF 3342.96213
BMD 1.115071
BND 1.431727
BOB 13.402249
BRL 6.138357
BSD 1.117321
BTN 104.873949
BWP 15.391286
BYN 3.345962
BYR 21855.38619
BZD 2.247142
CAD 1.573644
CDF 2586.964483
CHF 0.914162
CLF 0.027822
CLP 1094.980351
CNY 7.444774
CNH 7.438418
COP 3608.76707
CRC 506.709417
CUC 1.115071
CUP 26.815498
CVE 110.267049
CZK 24.346956
DJF 198.963698
DKK 7.480457
DOP 67.891262
DZD 151.940824
EGP 59.957114
ERN 16.726061
ETB 183.378708
FJD 2.526309
FKP 0.833961
GBP 0.834166
GEL 2.893653
GGP 0.833961
GHS 13.055243
GIP 0.833961
GMD 83.077063
GNF 9896.183924
GTQ 8.538159
GYD 234.234353
HKD 8.744429
HNL 30.029558
HRK 7.547925
HTG 146.432722
HUF 363.51345
IDR 20192.258205
ILS 3.552538
IMP 0.833961
INR 104.716854
IQD 1693.83148
IRR 2108992.359359
ISK 136.919964
JEP 0.833961
JMD 177.323296
JOD 0.790629
JPY 176.710877
KES 145.192698
KGS 97.510486
KHR 4552.084602
KMF 492.86165
KPW 1003.563608
KRW 1520.737678
KWD 0.346765
KYD 0.931217
KZT 500.809308
LAK 25136.46717
LBP 100053.859534
LKR 371.556906
LRD 189.94353
LSL 18.477643
LTL 3.292514
LVL 0.674496
LYD 7.150133
MAD 10.921803
MDL 19.971371
MGA 5077.094359
MKD 61.556144
MMK 2341.311039
MNT 4015.078679
MOP 9.019368
MRU 45.108838
MUR 52.442198
MVR 17.176258
MWK 1937.436008
MXN 20.766565
MYR 4.528864
MZN 71.257178
NAD 18.477643
NGN 1502.23485
NIO 41.120764
NOK 10.548462
NPR 167.798119
NZD 2.015128
OMR 0.428348
PAB 1.117421
PEN 3.848972
PGK 5.092095
PHP 70.369926
PKR 309.016043
PLN 4.399568
PYG 6984.129802
QAR 4.084276
RON 5.343646
RSD 117.622186
RUB 91.352798
RWF 1649.13065
SAR 4.188587
SBD 8.974739
SCR 15.358485
SDG 670.719139
SEK 11.033072
SGD 1.430306
SHP 0.835103
SLE 25.591287
SLL 23382.48045
SOS 638.511867
SRD 41.908265
STD 23079.712667
STN 24.500455
SVC 9.776182
SYP 14498.149201
SZL 18.471343
THB 37.411034
TJS 10.307092
TMT 3.902748
TND 3.343362
TOP 2.684822
TRY 55.9111
TTD 7.577141
TWD 36.546782
TZS 2952.454872
UAH 50.616941
UGX 4570.084937
USD 1.115071
UYU 44.950835
UZS 13332.247784
VES 999.456181
VND 28526.296796
VUV 133.25575
WST 3.108617
XAF 655.957
XAG 0.021465
XAU 0.000274244363
XCD 3.013535
XCG 2.013637
XDR 0.788413
XOF 655.957
XPF 119.331742
YER 263.853652
ZAR 18.420333
ZMK 10036.978597
ZMW 22.703422
ZWL 359.052318
SSP 6406.644798
MXV 2.33632
  • CMSD

    -0.1200

    19.81

    -0.61%

  • JRI

    0.0000

    10.77

    0%

  • BCC

    -1.8200

    74.15

    -2.45%

  • CMSC

    -0.2228

    19.53

    -1.14%

  • BCE

    0.2000

    20.34

    +0.98%

  • RIO

    0.0100

    94.17

    +0.01%

  • AZN

    -2.7400

    161.47

    -1.7%

  • GSK

    -1.1800

    48.17

    -2.45%

  • RBGPF

    0.0000

    65

    0%

  • NGG

    0.8800

    75.82

    +1.16%

  • RYCEF

    -0.7300

    19.08

    -3.83%

  • BTI

    -0.4500

    54.4

    -0.83%

  • BP

    0.4700

    43.99

    +1.07%

  • RELX

    -0.0600

    33.18

    -0.18%

  • VOD

    -0.1800

    16.15

    -1.11%

President says more war not in Iran's interest after fighting flares

President says more war not in Iran's interest after fighting flares

Iran's president said Monday that more war with the United States was not in his country's interest after the two sides traded fire for the first time in over a month.

Text size:

Tehran attacked US military targets in the Middle East in retaliation for American strikes on an island in the Strait of Hormuz, raising fears of a return to major hostilities.

After six months of war, the foes remain at an impasse, with Iran keeping the strategic Strait of Hormuz closed and the US persisting with a naval counter-blockade of Iran.

On Sunday the United States said it attacked Iranian rocket launchers on the island of Larak to prevent Tehran planting mines in the key shipping lane.

Iran responded Monday by targeting Jordan and the United Arab Emirates, saying it attacked US forces, but President Masoud Pezeshkian later in the day talked up dialogue.

"We continue to strive for a path of agreement and understanding, and we believe that continuing the war is neither in our interest, nor in the interest of the region," he said at a Shanghai Cooperation Organisation summit in Kyrgyzstan.

"We believe that the solution to the existing problems is dialogue and cooperation, and all capacities must be used to prevent the spread of insecurity and conflict," he added, according to a statement from the Iranian presidency.

State media reported that two people were killed in the US attack on Larak, with several others wounded.

Iran's powerful Revolutionary Guards, the ideological arm of its military, said they responded by striking two US air bases with ballistic missiles in Washington-allied Jordan, causing "heavy damage".

Jordan's army said it had intercepted eight missiles, without stating their origin.

Iran also claimed it targeted US personnel at an air base in the UAE and shot down an American drone over Hormuz.

Abu Dhabi responded by saying it intercepted a drone over the country's waters, but dismissed claims that Al Minhad Air Base had been targeted as "baseless".

The exchange of fire between the United States and Iran came at a time when hostilities had been subsiding.

In recent weeks, the administration of US President Donald Trump had prioritised "economic warfare" over military action.

Trump on Monday said on his Truth Social platform that Iran was "officially a Failed Nation".

"They have no Navy, they have no Air Force, they have no currency, they are not paying their soldiers or police, Inflation is at 300%, and their leadership is in total disarray and incapable of properly representing the country," he wrote.

- Hormuz flashpoint -

The two sides remain vying for control of the Strait of Hormuz, with Tehran having blocked the passage of commercial ships since the war began and attacked vessels.

One-fifth of the world's oil passed through the strait before the US and Israel triggered the war with strikes on Iran on February 28.

Trump has insisted the US navy has "total control" of the strait and has even called it US territory, with Washington last week announcing it had completed clearing explosives from the waterway.

Diplomatic efforts, spearheaded by mediators including Pakistan and Qatar, have tried for months to bring an end to the war.

While a ceasefire was agreed in April and a memorandum of understanding towards a final peace deal was signed in June, no agreement has materialised.

The April ceasefire put an end to the most intense fighting, but sporadic attacks -- mainly around Hormuz -- have dimmed prospects for a final settlement.

The last US strike on Iran before Sunday came on July 29. Earlier in July, the American military attacked Iran for 13 consecutive nights.

Throughout the war, Iran has fought back by striking US facilities and allies in the Gulf region, hitting targets in Kuwait, Oman, Saudi Arabia and the United Arab Emirates, among others.

Its closure of Hormuz has caused pain around the world in the form of price hikes and shortages of fertiliser and energy.

With diplomacy stalled, Iran's foreign minister on Monday accused Israeli Prime Minister Benjamin Netanyahu of tricking Washington into going to war.

"In Hebrew, Netanyahu openly crows that he suckered the US administration into a war on Iran on behalf of Israel. Netanyahu explicitly laughs about how he 'influenced' America through 1,000 hours of airtime on US networks," Abbas Araghchi wrote in a post on X.

"In English, he praises POTUS' leadership. Serpent."

burs-axn/ris

(B.Hartmann--BBZ)