Iran will submit its own amendments to the US draft deal text and is fully prepared for no agreement, a source told Tasnim, as Foreign Minister Araghchi confirmed talks remain ongoing.Summary:Sources: Tasnim News Agency (informed source), IRNA (Araghchi remarks)An informed source told Tasnim that Iran will submit its own amendments to the current draft understanding with the US, and that nothing in the text is finalThe source said Trump's proposed changes do not constitute Iranian acceptance, with Tehran's criterion being a text it independently approvesIran is fully prepared for a scenario in which no understanding with the US is reached, the source addedForeign Minister Araghchi separately confirmed dialogue and message exchanges with the US are continuing but cautioned that all reports circulating should be treated as speculation until a certain outcome is reachedIran is preparing its own counter-amendments to the draft framework under discussion with the United States, an informed source told Tasnim News Agency, directly contradicting any suggestion that Tehran is moving toward accepting terms proposed by President Trump.The source was unambiguous: Trump's amendments to the current text do not represent Iranian acceptance, and the only criterion Tehran applies is whether it approves of the final language itself. The source added that Iran is fully prepared for a situation in which no understanding is reached at all, a signal that Tehran does not regard a deal as a necessity and is negotiating from a position it considers sustainable.Foreign Minister Abbas Araghchi offered a parallel but more measured message, confirming that dialogue and message exchanges with Washington remain active while urging against treating any of the reports currently in circulation as reliable. Everything, he said, amounts to speculation until it reaches certainty.Taken together, the two statements describe a negotiation that is alive but deeply unsettled, with both sides working from different draft texts and Iran signalling comfort with failure. For the Strait of Hormuz and the energy markets watching it, the message is that no imminent resolution should be priced in. ---The explicit statement that Iran is preparing its own counter-amendments to the draft text pushes any deal timeline further out and removes the residual market optimism that had attached to reports of a near-finalised framework. The source's insistence that Trump's proposed changes do not constitute Iranian acceptance is a direct rebuttal of any narrative that Washington is driving the terms. Most consequentially for energy markets, the acknowledgement that Tehran is fully prepared for a no-deal outcome signals that Iran is not negotiating under duress, which keeps the Hormuz closure risk premium firmly in place. Araghchi's blanket dismissal of circulating reports as speculation offers traders no clarity on timeline and reinforces the view that a strait reopening remains weeks away at the very earliest. This article was written by Eamonn Sheridan at investinglive.com.