US-Iran peace deal to be signed today
Washington, June 14
US President Donald Trump said that a peace deal with Iran is scheduled to be signed on Sunday and that the Strait of Hormuz will reopen immediately afterward.
Trump earlier announced on Truth social: "The Deal is scheduled to get signed tomorrow, and immediately after it is signed, the Hormuz Strait is OPEN TO ALL."
Trump also claimed that Iran now "no longer wants a Nuclear Weapon" and suggested the United States will work with Iran to remove enriched uranium at an "appropriate time."
He said the signing of the deal would make US relations with Iran "different and better," but warned that "we have the ultimate alternative" unless the process moves forward "quickly, easily and smoothly."
For global markets, Trump's reference to the Strait of Hormuz is likely to attract particular attention. The narrow waterway is one of the world's most critical energy transit routes, carrying a substantial share of internationally traded crude oil and liquefied natural gas.
India, one of the world's largest importers of crude oil, closely monitors developments in the Gulf and the Strait of Hormuz because of their direct impact on energy security and shipping costs.
Trump also sought to distinguish the proposed agreement from the Obama-era nuclear deal by stressing that no financial transfers would be involved.
"Unlike Obama's Hundreds of Billions of Dollars in payments to them, including 1.7 Billion Dollars in green, cold cash, no money will exchange hands," he wrote.
The President further suggested that nuclear material remaining in Iran would eventually be removed and destroyed.
However, Iranian Foreign Ministry spokesperson Esmaeil Baqaei reportedly denied that a memorandum of understanding (MoU) between Iran and the United States to end the conflict would be signed on Sunday, citing what he described as "the other side's hesitation."
Baqaei also stressed that any potential MoU between Iran and the United States "would merely serve as a framework for continuing talks" and should not be regarded as "a final agreement." He added that discussions on the nuclear issue are expected to continue over a 60-day period, according to Iranian state media reports.
— IANS
Reader Comments
Finally some good news for global stability! 🙏 As someone who works in shipping logistics, the Strait of Hormuz closure has been a nightmare for freight costs. But I'm cautious—Iran's foreign ministry is already denying it's a final deal. Trump loves to announce things before they're actually signed. Typical political theatre.
Trump is such a master negotiator. He's getting Iran to give up nukes without paying a dime! This deal looks way better than Obama's disaster. India should take notes—strong leadership gets results.
I'll believe it when I see it. Iran's spokesperson literally said this is just a "framework for talks" and there's 60 more days of negotiation. Trump is jumping the gun again. The only thing that matters for India is stable oil prices—everything else is just noise. Let the diplomats work quietly.
This is a brilliant move by Trump—he's breaking the cycle of endless conflict in the Middle East. India should be happy because lower oil prices mean lower inflation. Plus, no money going to Iran like Obama did! That's what real diplomacy looks like.
Respectfully, this seems like a lot of talk with little substance. Iran said they are not signing anything final tomorrow. Trump loves to create headlines, but the reality is more complex. For India's energy security, we need stable long-term agreements, not dramatic announcements that might fall through next week. 🤔
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