Iran’s Foreign Ministry: US military presence in Gulf is source of insecurity and division in region
By Sagar Dua
Updated: 26 Jun 2026
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Iranian Foreign Ministry said during the European trading session on Friday that the joint statement by the United States (US) and Gulf Cooperation Council (GCC) contains 'interventionist, irresponsible and provocative positions'.
Iranian Foreign Ministry said during the European trading session on Friday that the joint statement by the United States (US) and Gulf Cooperation Council (GCC) contains 'interventionist, irresponsible and provocative positions'.
Additional remarks
US-GCC joint statement contains 'interventionist, irresponsible and provocative positions'.
Urges Gulf states to prevent use of their territory for any future attacks against it.
Strait of Hormuz shipping will be governed by terms of war-end memorandum with Oman.
Security in region can only be achieved through cooperation among countries without foreign interference.
US, Israel and regional states that took part in attacks on Iran are responsible for insecurity in Strait of Hormuz.
Market reaction
No immediate reaction seen in the US Dollar (USD) due to comments from Iran. At press time, the US Dollar Index (DXY) trades 0.18% lower to near 101.25.
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The most important single factor impacting on the value of the US Dollar is monetary policy, which is shaped by the Federal Reserve (Fed). The Fed has two mandates: to achieve price stability (control inflation) and foster full employment. Its primary tool to achieve these two goals is by adjusting interest rates. When prices are rising too quickly and inflation is above the Fed’s 2% target, the Fed will raise rates, which helps the USD value. When inflation falls below 2% or the Unemployment Rate is too high, the Fed may lower interest rates, which weighs on the Greenback.
In extreme situations, the Federal Reserve can also print more Dollars and enact quantitative easing (QE). QE is the process by which the Fed substantially increases the flow of credit in a stuck financial system. It is a non-standard policy measure used when credit has dried up because banks will not lend to each other (out of the fear of counterparty default). It is a last resort when simply lowering interest rates is unlikely to achieve the necessary result. It was the Fed’s weapon of choice to combat the credit crunch that occurred during the Great Financial Crisis in 2008. It involves the Fed printing more Dollars and using them to buy US government bonds predominantly from financial institutions. QE usually leads to a weaker US Dollar.
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