Analyst: Euro falls due to lack of willingness for diplomacy on the part of Iran.

City Index analyst Fawad Razaqzada stated in a report that the Euro against the US dollar is still under pressure, as Iran has shown little willingness to compromise with the United States in resolving the Middle East conflict. According to the Wall Street Journal, the US has issued a 15-point plan aimed at ending the war with Iran, but Iran has dismissed it. Razaqzada said that unless there is a significant change in Iran's rhetoric, the Euro against the US dollar is unlikely to rebound significantly in the short term. "It feels too early to bet that the conflict will be resolved quickly." He stated that Iran's leverage gained through rising energy prices may outweigh any military pressure from the US and its allies, suppressing any gains in the Euro against the US dollar. The Euro fell 0.3% to $1.1573.