Iran Rejects Implementing 14-Point Deal; 10-Day Ceasefire Proposal Would Lift Strait of Hormuz Restrictions
Jul 21, 2026
Mediators on Monday, July 20, 2026, presented Iran with a proposal for a 10-day ceasefire to lower tensions with the United States and return to talks on last month's interim deal. According to Reuters, citing a senior Iranian official, the plan would also include lifting restrictions on the Strait of Hormuz.
However, Iranian foreign ministry spokesman Esmaeil Baghaei said Tehran would not implement the 14-point agreement after what he called Washington's violation of it. The White House stopped short of committing to a halt in strikes, with a US official saying Donald Trump is focused on making Iran pay for its breaches of the memorandum and its actions in the Strait of Hormuz, while adding that diplomacy remains open.
The developments came as US strikes on Iran continued for a ninth consecutive night. The fate of the proposal matters directly to Iranian markets, since a prolonged war keeps a high risk premium on oil, gold and the currency.
Source
CNN
Related news
European shares edge higher Tuesday as easing oil and earnings lift sentiment
European stock indexes edged higher in Tuesday trading, 21 July 2026, after a weak start to the week. The pan-European STOXX 600 rose about 0.1 percent to around 640 points. A pullback in oil prices from one-month highs, following reports of mediation efforts between the United States and Iran, helped lift sentiment, even as concern over energy-supply disruption persisted after Yemen's Houthis announced a naval blockade of Saudi Arabia. Technology was the best-performing sector, up about 0.9 percent, with semiconductor-equipment makers ASML and ASMI gaining around 2.8 and 2.1 percent respectively. On the earnings front, drugmaker Novartis rose about 2.2 percent after its operating profit beat estimates.
Reuters · Jul 21, 2026
US stock indexes rise Tuesday; Nasdaq up 1% as chip stocks rebound before a heavy earnings week
US equity markets rose in Tuesday trading, 21 July 2026. The Nasdaq climbed about 1 percent, led by a rebound in semiconductor stocks, while the S&P 500 gained around 0.6 percent and the Dow Jones Industrial Average rose about 0.5 percent. Nvidia shares added about 1 percent after the chipmaker disclosed a stake in the neocloud provider Nebius. Investors are heading into a heavy earnings week: Alphabet and Tesla report quarterly results on Wednesday and Intel on Thursday, with 77 S&P 500 members reporting in all this week. Tuesday's advance followed Monday's decline, when worries over US-Iran tensions had dragged the market lower.
Yahoo Finance · Jul 21, 2026
Free-market dollar climbs to around 190,000 tomans on Tuesday evening amid the war-versus-talks tug
The free-market dollar in Tehran extended its gains during trade on Tuesday, 21 July 2026. Having started the day at around 187,700 tomans before trading began, the dollar rose about 1.3 percent to the 190,200 toman area, a level above the roughly 189,000 tomans seen earlier in the morning. Sahmino's live figures also put the rate near 190,400 tomans. Market participants attribute the swings to a tug between two opposing signals: continued strikes and military tension in the Strait of Hormuz on one side, and reports of mediators proposing a ceasefire and talks between Tehran and Washington on the other. Each fresh signal about escalation or de-escalation has kept the exchange rate volatile.
تجارتنیوز · Jul 21, 2026
Gold and coin rebound in Tuesday evening trade; Emami coin nears 185 million tomans as premium shrinks
Tehran's gold and coin market reversed its morning slide on the evening of Tuesday, 21 July 2026. The Emami coin climbed about 1.6 percent back toward 185 million tomans, after retreating to around 182 million tomans earlier in the day. A gram of 18-karat gold rose about 1.5 percent to nearly 18.45 million tomans. The quarter coin edged up to around 52.8 million tomans, while the half coin traded near 94 million tomans. As gold and the dollar rose, the Emami coin's premium (the so-called bubble) narrowed markedly, easing to around 5 million tomans. The evening rebound in the domestic market was driven mainly by the higher free-market dollar rate and the swing in the global gold ounce near the 4,000 dollar area. Sahmino's live figures on its prices pages confirm the same rebound.
اقتصادنیوز · Jul 21, 2026