Trump Announces Ships Are Starting to Move Out of Strait of Hormuz After Reaching Landmark Deal With Iran
The technical negotiations, expected to begin soon, will focus on the details of the verification process and the enforcement mechanisms to ensure Iran's compliance with the agreement.
European leaders have welcomed the tentative deal, with German Chancellor Olaf Scholz saying it is a "positive step" towards regional stability.
The United Nations Secretary-General António Guterres also expressed support for the agreement, calling it a "crucial step" towards peace in the Middle East.
As the international community awaits the official signing of the deal, concerns remain about the potential for spoilers to disrupt the fragile peace.
The role of other regional players, including Saudi Arabia and the United Arab Emirates, will be crucial in determining the long-term success of the agreement.
In a statement, the Saudi Arabian Foreign Ministry said it would "closely monitor" the situation and work with its allies to ensure regional stability.
Meanwhile, the Iranian people are cautiously optimistic about the prospect of peace, with many hoping that the agreement will lead to an improvement in their economic situation.
The lifting of sanctions, expected to follow Iran's compliance with the agreement, could have a significant impact on the country's economy, which has been severely affected by the war.
The International Monetary Fund has said it is ready to provide support to Iran to help it rebuild its economy, once the sanctions are lifted.
The fund's managing director, Kristalina Georgieva, said that Iran has "significant potential" for economic growth, but that it would require a stable and secure environment to achieve it.
The Iranian negotiating team is expected to be led by Speaker of the House Ghalibaf and Foreign Minister Araghchi, along with security officials and representatives of various constituencies. However, not all parties are optimistic about the deal, with Israel's far-right Finance Minister Bezalel Smotrich calling it "bad for Israel and the entire free world." Smotrich suggested that Israel would continue its campaign to overthrow the Iranian regime on its own, and warned that the country would be tested in Lebanon.
Israel has stated that it will not withdraw from land seized in Lebanon, while Tehran has warned that Israeli attacks in the region must be completely halted. The Iran-backed Hezbollah militant group has welcomed the agreement, describing it as a "great achievement" and praising the role of the Iranian people and leadership in securing the deal. Hezbollah has also called on Lebanese authorities to use the current regional and international support to strengthen the country's sovereignty and secure the withdrawal of Israeli forces.
Iran's President Mahmoud Pezeshkian has announced that the memorandum of understanding to end the war between Iran and the US is scheduled to be signed on Friday, according to state media IRNA. This confirmation from Tehran comes after Pakistan made a similar announcement. The Lebanese army has urged residents to exercise caution when returning to villages and towns near the country's southern border, warning that violations of the ceasefire and Israeli attacks remain a risk.
Displaced residents have begun returning to their villages near the southern port city of Sidon, Lebanon. Meanwhile, the United Kingdom Maritime Trade Operations has reported an incident involving a container vessel off the coast of Yemen, which was approached by a small skiff and came under fire. Egypt has welcomed the US-Iran agreement, describing it as a "highly significant development" that will restore security and stability in the region. Saudi Arabia has also appreciated the efforts taken by the mediator countries and the positive response of the US and Iran to these efforts.
Analysts caution that the deal to reopen the Strait of Hormuz will not immediately lead to a surge in ship traffic, as the normalization of maritime trade is expected to be a gradual process. According to Dimitris Ampatzidis, Maritime Risk & Compliance Manager at Kpler, around 500 vessels were in the strait, and it may take roughly two or three months to return to prewar movement.
The limited vessel traffic was evident, with only four vessels crossing the waterway the previous day, and only one tanker, the Disha, had crossed it by 4 a.m. ET that morning. Ampatzidis noted that the key point is that the strait may reopen quickly from a political or security perspective, but the commercial shipping system is likely to normalize gradually.
Meanwhile, global leaders are set to convene in France, where Trump will attend a summit meeting with allies who have differing opinions on a pair of wars. The G7 meeting of advanced democracies will discuss the Iran war and Russia-Ukraine conflict, among other pressing issues.
On the ground in Iran, residents have responded to the initial agreement between the US and Iran, while Washington and Tehran have made significant progress toward a settlement. However, Russia's foreign intelligence chief Sergei Naryshkin warned that peace remains fragile, stating that the extensive work carried out by both sides, together with the mediators, provides grounds for efforts to restore peace in the Middle East to continue.
Qatari mediators have concluded 17 hours of intensive negotiations in Tehran, and separate preparatory meetings with each side will now take place in Doha ahead of the official signing in Switzerland. British Prime Minister Keir Starmer described the agreement as a significant breakthrough, adding that he had discussed the agreement with Trump on Saturday.
The Baltic and International Maritime Council, the world's largest international shipping association, has expressed caution, stating that the security situation for the shipping industry remains volatile due to a lack of details and a history of overly optimistic reassurances. China has welcomed the US and Iran reaching an initial agreement, appreciating Pakistan's mediation efforts, with Chinese foreign ministry spokesperson Lin Jian noting that the Strait of Hormuz is an important waterway for international navigation.
Chinese foreign ministry spokesperson Lin Jian emphasized that restoring stability in the strait serves the common interests of regional countries and the international community. "We hope that safe and free navigation in the strait will be restored at an early date," he added.
An Israeli official briefed on the matter revealed that Prime Minister Benjamin Netanyahu is seeking a meeting with President Trump to discuss the Iran deal announced by the president. Netanyahu is reportedly trying to arrange a meeting with Trump, potentially in Washington, following the G7 summit.
Iranian Foreign Minister Abbas Araghchi stressed the need to stop "the aggression and destabilizing attacks" by Israel against Lebanon during separate phone calls with his counterparts in Turkey, Iraq, and Egypt. Araghchi also highlighted the United States' responsibility for implementing the agreement and thanked Turkey, Iraq, and Egypt for their support.
The tentative deal has had a significant impact on global markets, with world share prices soaring and oil prices falling more than $4 a barrel. The future for the S&P 500 was up 1.2%, and the Dow Jones Industrial Average gained 1%, indicating likely early gains for Wall Street. In European trading, Germany's DAX advanced 1.7% to 25,066.48, while the CAC 40 in Paris added 1.7% to 8,410.36. Britain's FTSE 100 gained 0.8% to 10,553.18.
President Donald Trump confirmed that an agreement has been reached between the United States and Iran to end fighting and reopen the Strait of Hormuz. "The Deal with the Islamic Republic of Iran is now complete," Trump said in a post. A signing ceremony is scheduled for Friday in Switzerland, according to Pakistan.
European leaders have welcomed the tentative deal, with German Chancellor Olaf Scholz saying it is a "positive step" towards regional stability.
The United Nations Secretary-General António Guterres also expressed support for the agreement, calling it a "crucial step" towards peace in the Middle East.
As the international community awaits the official signing of the deal, concerns remain about the potential for spoilers to disrupt the fragile peace.
The role of other regional players, including Saudi Arabia and the United Arab Emirates, will be crucial in determining the long-term success of the agreement.
In a statement, the Saudi Arabian Foreign Ministry said it would "closely monitor" the situation and work with its allies to ensure regional stability.
Meanwhile, the Iranian people are cautiously optimistic about the prospect of peace, with many hoping that the agreement will lead to an improvement in their economic situation.
The lifting of sanctions, expected to follow Iran's compliance with the agreement, could have a significant impact on the country's economy, which has been severely affected by the war.
The International Monetary Fund has said it is ready to provide support to Iran to help it rebuild its economy, once the sanctions are lifted.
The fund's managing director, Kristalina Georgieva, said that Iran has "significant potential" for economic growth, but that it would require a stable and secure environment to achieve it.
The Iranian negotiating team is expected to be led by Speaker of the House Ghalibaf and Foreign Minister Araghchi, along with security officials and representatives of various constituencies. However, not all parties are optimistic about the deal, with Israel's far-right Finance Minister Bezalel Smotrich calling it "bad for Israel and the entire free world." Smotrich suggested that Israel would continue its campaign to overthrow the Iranian regime on its own, and warned that the country would be tested in Lebanon.
Israel has stated that it will not withdraw from land seized in Lebanon, while Tehran has warned that Israeli attacks in the region must be completely halted. The Iran-backed Hezbollah militant group has welcomed the agreement, describing it as a "great achievement" and praising the role of the Iranian people and leadership in securing the deal. Hezbollah has also called on Lebanese authorities to use the current regional and international support to strengthen the country's sovereignty and secure the withdrawal of Israeli forces.
Iran's President Mahmoud Pezeshkian has announced that the memorandum of understanding to end the war between Iran and the US is scheduled to be signed on Friday, according to state media IRNA. This confirmation from Tehran comes after Pakistan made a similar announcement. The Lebanese army has urged residents to exercise caution when returning to villages and towns near the country's southern border, warning that violations of the ceasefire and Israeli attacks remain a risk.
Displaced residents have begun returning to their villages near the southern port city of Sidon, Lebanon. Meanwhile, the United Kingdom Maritime Trade Operations has reported an incident involving a container vessel off the coast of Yemen, which was approached by a small skiff and came under fire. Egypt has welcomed the US-Iran agreement, describing it as a "highly significant development" that will restore security and stability in the region. Saudi Arabia has also appreciated the efforts taken by the mediator countries and the positive response of the US and Iran to these efforts.
Analysts caution that the deal to reopen the Strait of Hormuz will not immediately lead to a surge in ship traffic, as the normalization of maritime trade is expected to be a gradual process. According to Dimitris Ampatzidis, Maritime Risk & Compliance Manager at Kpler, around 500 vessels were in the strait, and it may take roughly two or three months to return to prewar movement.
The limited vessel traffic was evident, with only four vessels crossing the waterway the previous day, and only one tanker, the Disha, had crossed it by 4 a.m. ET that morning. Ampatzidis noted that the key point is that the strait may reopen quickly from a political or security perspective, but the commercial shipping system is likely to normalize gradually.
Meanwhile, global leaders are set to convene in France, where Trump will attend a summit meeting with allies who have differing opinions on a pair of wars. The G7 meeting of advanced democracies will discuss the Iran war and Russia-Ukraine conflict, among other pressing issues.
On the ground in Iran, residents have responded to the initial agreement between the US and Iran, while Washington and Tehran have made significant progress toward a settlement. However, Russia's foreign intelligence chief Sergei Naryshkin warned that peace remains fragile, stating that the extensive work carried out by both sides, together with the mediators, provides grounds for efforts to restore peace in the Middle East to continue.
Qatari mediators have concluded 17 hours of intensive negotiations in Tehran, and separate preparatory meetings with each side will now take place in Doha ahead of the official signing in Switzerland. British Prime Minister Keir Starmer described the agreement as a significant breakthrough, adding that he had discussed the agreement with Trump on Saturday.
The Baltic and International Maritime Council, the world's largest international shipping association, has expressed caution, stating that the security situation for the shipping industry remains volatile due to a lack of details and a history of overly optimistic reassurances. China has welcomed the US and Iran reaching an initial agreement, appreciating Pakistan's mediation efforts, with Chinese foreign ministry spokesperson Lin Jian noting that the Strait of Hormuz is an important waterway for international navigation.
Chinese foreign ministry spokesperson Lin Jian emphasized that restoring stability in the strait serves the common interests of regional countries and the international community. "We hope that safe and free navigation in the strait will be restored at an early date," he added.
An Israeli official briefed on the matter revealed that Prime Minister Benjamin Netanyahu is seeking a meeting with President Trump to discuss the Iran deal announced by the president. Netanyahu is reportedly trying to arrange a meeting with Trump, potentially in Washington, following the G7 summit.
Iranian Foreign Minister Abbas Araghchi stressed the need to stop "the aggression and destabilizing attacks" by Israel against Lebanon during separate phone calls with his counterparts in Turkey, Iraq, and Egypt. Araghchi also highlighted the United States' responsibility for implementing the agreement and thanked Turkey, Iraq, and Egypt for their support.
The tentative deal has had a significant impact on global markets, with world share prices soaring and oil prices falling more than $4 a barrel. The future for the S&P 500 was up 1.2%, and the Dow Jones Industrial Average gained 1%, indicating likely early gains for Wall Street. In European trading, Germany's DAX advanced 1.7% to 25,066.48, while the CAC 40 in Paris added 1.7% to 8,410.36. Britain's FTSE 100 gained 0.8% to 10,553.18.
President Donald Trump confirmed that an agreement has been reached between the United States and Iran to end fighting and reopen the Strait of Hormuz. "The Deal with the Islamic Republic of Iran is now complete," Trump said in a post. A signing ceremony is scheduled for Friday in Switzerland, according to Pakistan.
#News, #USA