“We have completed the deal with Iran,” President Donald Trump said. He announced the immediate reopening of the Strait of Hormuz and the removal of the US naval blockade, calling it a major step toward regional peace.
Trump said the agreement will bring “Peace and Security” to the Middle East. He claimed previous US presidents failed to reach such a breakthrough and said regional leaders have finally found a path to lasting peace.
Iran Deputy Foreign Minister Gharibabadi said the memorandum of understanding has been finalized and will be signed in Switzerland on June 19. The draft text was reportedly prepared with assistance from Islamabad.
Iran said it will immediately and permanently stop military operations on all fronts, including Lebanon, starting tonight. Tehran also said the US maritime blockade on Iran will end tonight.
Republican Senator Lindsey Graham welcomed the reopening of the Strait of Hormuz but warned that Iran and the US may have different interpretations of the deal. He said any nuclear agreement must be reviewed and voted on by Congress.
The UK, France, Germany and Italy said they are prepared to lift related sanctions on Iran if a final agreement ends the conflict and addresses Iran’s nuclear program. Qatar also welcomed the memorandum, while UK Prime Minister Keir Starmer said Iran must never obtain nuclear weapons.
Markets reacted strongly. WTI crude oil futures fell 4.5%, while Nasdaq futures rose about 1%. Ship tracking data also showed LNG tanker Disha, stranded in the Persian Gulf for more than three months, moving toward the Strait of Hormuz after reports of the agreement.
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