Euro recovers and reaches 1.15 dollars

The euro recovered today and returned to the barrier of 1.15 dollars, marking one week since Israel's attack on Iran, which intensified the conflict in the Middle East.

At 6:00 pm (Lisbon time), the euro was trading at 1.1536 dollars, while on Thursday, at the same time, it was trading at 1.1457 dollars.

The euro also advanced against the pound and the yen.

The European Central Bank (ECB) has set the euro's reference exchange rate at $1.1515.

The Iranian government today described the Israeli military offensive as “a betrayal” of the diplomatic process with the United States, in a speech by the Minister of Foreign Affairs at the UN Human Rights Council.

“We were attacked in the middle of a diplomatic process. We were supposed to meet with the Americans on June 15 to work out a very promising agreement,” Abbas Araghchi said shortly before meeting his French, British and German counterparts at a hotel in Geneva, Switzerland.

Claiming that Iran was on the verge of acquiring an atomic bomb, Israel launched large-scale aerial bombardments against the Islamic Republic on June 13, triggering a series of cross-border attacks on both countries since then.

The White House said Thursday that Iran has the capability to assemble a nuclear bomb within 15 days if Supreme Leader Ali Khamenei gives the order, but the US president has made no decision on Washington's participation in the conflict alongside Israel.