Asia markets fall as Iran rules out direct U.S. talks despite reviewing proposal [MSNBC.com]
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Source: MSNBC.com
A currency trader monitors exchange rates in a dealing room at the Korea Exchange Bank in SeoulJung Yeon-je | Afp | Getty ImagesAsia-Pacific markets fell on Thursday afterIran signaled it had no intention of holding direct talks with the United StatesIranian Foreign Minister Abbas Araghchi said that an exchange of messages between the two countries through mediators "does not mean negotiations with the U.S.," Reuters reported.Earlier Wednesday, Iranian state media reported that the country would reject a U.S. ceasefire offer and had outlined its own conditions for ending the war.Thierry Wizman, global FX and rates strategist at Macquarie Group, said that a ceasefire is not imminent."Rather, an intensification of military action by the U.S. as it tries to nudge Iran toward making important concessions is likely over the next two weeks, before major combat operations succeed, perhaps in mid-April," said Wizman."The War may now enter its third phase of 'talk and fight,' rather than talk
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News
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