Iranian President Defends Expired US Deal as Path to Economic Recovery
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Iran's president said the lapsed memorandum of understanding with the United States remains the best option for ending hostilities and attracting investment, while Pakistan's top military chief is set to visit Tehran for mediation.
Iranian President Masoud Pezeshkian defended the country’s expired memorandum of understanding (MoU) with the United States, calling it the most viable way to end the ongoing state of "neither war nor peace" and to open the economy to foreign investors. He said the Supreme National Security Council supported the assessment based on "dignity, wisdom and national interest" and emphasized that the agreement contains no provisions that constitute capitulation. Pezeshkian added that Iran will follow the policies set by the supreme leader.
The MoU, signed by U.S. President Donald Trump in June, outlined a 60-day timetable for ending the U.S.-Israeli-led conflict and for Iran to abandon its nuclear ambitions, but the deadline passed without a settlement. The closure of the Strait of Hormuz in response to U.S.-Israeli attacks has continued to strain the global economy.
Pezeshkian said Iran must move beyond the stalemate to attract capital, noting that investors are highly risk-averse and that the country needs to reduce perceived risk.
Iran’s foreign ministry announced that Pakistan’s chief of army staff, General Asim Munir, will travel to Tehran on Monday as part of Pakistan’s efforts to promote regional peace and security. Pakistan helped facilitate the original MoU between Washington and Tehran.
Despite the diplomatic overture, the newly appointed head of Iran’s Supreme National Security Council, Mohsen Rezaei, warned neighboring states against supporting U.S. actions, stating that Iran would respond forcefully if oil-shipping routes in the Persian Gulf were targeted.