Trump trades Iran relief for Ukraine pressure
New
G7 leaders in Évian backed more air defences, interceptors and long-range weapons for Ukraine, then watched Donald Trump try to turn that unity into leverage on another front. Diplomats said he pressed Europe to support the planned US-Iran ceasefire deal and help secure the Strait of Hormuz, while Washington signalled it would restore waived sanctions on Russia and harden its line on Moscow.
Donald Trump stated the pressure point plainly.
“Russia must make a deal.”
The Iran track moved faster than the Ukraine one. A leaked interim text promises an immediate halt to hostilities, a 60-day negotiation window, an end to the naval blockade, gradual sanctions relief and at least $300 billion in guaranteed financing for Iran's reconstruction. Three Iranian supertankers carrying a combined 4.8 million barrels of crude crossed the blockade perimeter even before the formal signing planned in Switzerland on Friday.
- Pre-war level70
- Wednesday Brent78.78
Markets welcomed the prospect of oil moving again, but shipowners did not declare the route safe. Kpler counted more than 500 vessels stranded by the war, while shipping groups warned that mines and military risks could keep normal traffic from resuming for weeks. Brent crude traded at $78.78 a barrel on Wednesday, down nearly 16% since the previous week but still above the pre-war level near $70.
The deal now has to do two jobs at once: reopen a mined shipping lane and buy time for a nuclear bargain that the leaked text largely postpones.
Reporting from: ANSA.it, Reuters, Der Tagesspiegel, Süddeutsche Zeitung, Focus, France 24
- G7 unites on Ukraine support as Trump signals sanctions return, seeks Europe backing on Iran deal
- Leaked US-Iran interim deal promises ceasefire, Strait of Hormuz reopening and $300bn reconstruction fund
- US-Iran peace deal set to reopen Strait of Hormuz, but mines and stranded ships threaten quick energy market recovery