Trump sells Iran framework, but Hormuz still tests the fine print
Continues from this morning.
Donald Trump declared a preliminary US-Iran peace agreement and ordered the opening of the Strait of Hormuz, the chokepoint that carries roughly a fifth of global oil. Pakistan said the formal signing would take place on Friday in Switzerland, while Iranian officials accepted the outline but warned they would not sign until final demands were included. The memorandum gives negotiators 60 days to settle the hardest nuclear and sanctions questions, which is not long when the last nuclear bargain took years to assemble.
Trump framed the announcement as instant relief for shipping and oil buyers.
“Ships of the World, start your engines. Let the oil flow!”
The most awkward gap sits outside the US-Iran document. Israel is not party to the framework and continues its campaign in Lebanon against Hezbollah, while Iran says any settlement must also stop the fighting there. France also objected to Iranian plans to collect fees for navigation and security services after a 60-day grace period.
“In the coming weeks we will have an impact on oil prices.”
Reporting from: Reuters, AP NEWS, ANSA.it, FAKT24.pl, Rzeczpospolita, wnp.pl
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