Tehran: Iranian President Masoud Pezeshkian declared on Monday that Tehran would not concede to "excessive demands" from the United States in the ongoing Pakistan-mediated talks, as reported by the state news agency IRNA.

According to Anadolu Agency, Pezeshkian emphasized during a meeting with the Iran Chamber of Commerce, Industries, Mines, and Agriculture that the discussions have been structured to ensure the complete safeguarding of Iranian national interests. He remarked on the shift in the adversary's approach from military aggression to economic pressure, expressing confidence that a unified effort between the government and the private sector would successfully navigate these challenges.

The context for these negotiations is a backdrop of heightened regional tensions following US and Israeli strikes on Iran in February, which prompted retaliatory actions from Tehran against Israel and US allies in the Gulf and included the strategic closure of the Strait of Hormuz. A ceasefire brokered by Pakistan has been in place since April 8 and was extended indefinitely by US President Donald Trump.

In an update on the negotiations, Trump stated on Saturday that an agreement to resolve the conflict with Iran had been 'largely negotiated' and was pending finalization.