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The chairman of the Iran‑Russia Joint Chamber of Commerce told IRNA that U.S. sanctions are intended to raise the cost of Iran's economic transactions and that in a multipolar world a complete economic blockade is difficult. He said expanding shared economic ties can help counter these measures and urged reducing reliance on crude oil for foreign exchange by increasing exports of petrochemicals, refined products, industrial goods, technology services and agricultural produce. He also called for diversifying trade corridors — opening multiple land, sea and multimodal routes — and said development of regional corridors is essential.

The secretary of Iran's Supreme National Security Council said the main flaw in the previous memorandum of understanding was placing excessive trust in mediators' assurances. Iran is pursuing diplomacy contingent on obtaining guarantees.