Iran’s President Says Tehran No Longer Trusts Talks With US

The collapse of trust between Washington and Tehran matters well beyond oil, because any durable de-escalation in the Middle East has been a precondition for Gulf capital committing to long-horizon projects, including tokenized and digital-asset infrastructure. The fact that Qatar and Pakistan are mediating on the basis of a previously signed memorandum suggests a framework still exists, even as the political will behind it erodes. Whether that memorandum survives as a working channel, or becomes a dead letter, is the open question for regional risk pricing.