Citing informed sources on the matter, Iran's Fars news agency reported on Wednesday that Tehran doesn't see truce and talks as viable in current conditions, despite the United States' increased efforts to establish a ceasefire and begin direct negotiations.

Market reaction

Crude oil prices edged slightly higher with the immediate reaction to this headline and the barrel of West Texas Intermediate was last seen trading marginally higer on the day above $88.

Meanwhile, the US Dollar (USD) Index stays in positive territory above 99.30 in the early American session.