Tehran, June 24 -- The deal between the US and Iran is "America's declaration of defeat" remarked Iran's chief negotiator Mohammed Bagher Ghalibaf, amid both sides' attempts to put their ongoing conflict to bed.

Speaking at a conference in Azerbaijan, Ghalibaf said the memorandum of understanding signed last week with Washington came about as a result of Iran's resilience rather than American pressure.

"The Islamabad understanding was not the result of pressure and coercion, but rather the result of the resistance and authority of the brave Iranian nation," Ghalibaf said.

"That is why the Islamabad memorandum of understanding became a declaration of America's defeat," he added.

The agreement, brokered by Pakistan, formally halted hostil...