“We don’t have much time,” the source said when asked if it would take time to close gaps, adding that both countries “keep changing their goalposts”.
This comes after Donald Trump, in a post, said “For Iran, the Clock is Ticking, and they better get moving, FAST, or there won’t be anything left of them. TIME IS OF THE ESSENCE!,” he wrote in a Truth Social post.
In addition to that, United States Treasury Secretary Scott Bessent said on Monday (May 18) that he would call on G7 finance ministers to follow a sanctions regime to keep financing away from what he described as Iran’s “war machine”, as he arrived for a meeting of the group in Paris.
Ministers were looking to find common ground on tackling economic tensions and global imbalances in the wake of a bond market sell-off triggered by concern over inflation risks from the Iran war.
Bonds from Tokyo to New York extended losses on Monday, with investors betting on central bank rate hikes over worries that rising energy prices could stoke inflation.
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(Edited by : Juviraj Anchil)