Fiji, June 25 -- Pacific countries are not placing significant confidence in the emerging Iran-United States agreement and will continue preparing for fuel market volatility as uncertainty in global energy supplies persists, Marshall Islands Finance Minister David Paul says.

Responding to a question at the Forum Economic Ministers Meeting (FEMM) press conference on how developments in the Strait of Hormuz and negotiations between Iran and the United States are influencing Pacific decision-making, Paul said there is still too much uncertainty for Pacific nations to change course.

"Well, first of all, we all know that the MOU that was concluded between Iran and the United States, that's basically an agreement to negotiate an agreement." ...