Donald Trump confirmed on his Truth Social platform that a deal between the US and Iran has been reached.
“The Deal with the Islamic Republic of Iran is now complete,” Trump wrote. “Congratulations to all! I hereby fully authorize the toll free opening of the Strait of Hormuz. and, simultaneously herewith, authorize the immediate removal of the United States Naval blockade. Ships of the World, start your engines. Let the oil flow!”
Australia’s prime minister and foreign minister have also welcomed the deal.
In a joint statement Anthony Albanese and foreign minister Penny Wong said:
“We are pleased the agreement between the US. Iran includes steps towards reopening the Strait of Hormuz and the restoration of freedom of navigation,” they said.
“While full recovery will take time, restoring this vital trade corridor is essential to easing pressure on energy prices. economises, including in our region.”
While the peace was welcome, more work was needed to secure a “durable and lasting peace”, the pair said.
“Iran must address longstanding concerns about its nuclear program and the threat it poses to international security,” they said.
Share prices soared Monday in Asia after a deal was announced on ending the Iran war. reopening the strait of Hormuz.
Benchmarks in Tokyo and Seoul gained more than 5% early Monday. Oil prices fell more than $3 a barrel.
US President Donald Trump confirmed the deal and authorised an end to the US naval blockade of Iranian ports. But it may take months for oil prices to stabilise after the disruptions from the war caused them to surge, pushing costs up gasoline. many other products.
While greeting the deal, US Republican Senator Lindsay Graham has also expressed concern about conflicting statements regarding its details.
Writing in a post on X, he said:
double quotation mark I am pleased to hear the memorandum of understanding with Iran to allow the Strait of Hormuz to open has been agreed to. I will be watching closely the ensuing negotiations regarding Iran’s nuclear program and other matters. I am somewhat concerned that Iran’s view of the agreement seems different than what the American negotiating team is claiming.
double quotation mark Under our law, any nuclear deal with Iran will be sent to Congress for review. a vote. I look forward to reviewing the final product. I believe it is imperative that the architect of the deal, Vice President Vance and his negotiating partners, be part of the process in presenting the final deal to Congress. Congratulations to all in getting us to this point. Time will tell.”
Japan’s welcomes the US-Iran deal toward ending hostilities. hopes for steady implementation of the agreement, including the actual reopening of the strait of Hormuz for international vessels, prime minister Sanae Takaichi said on Monday.
In an X post, Takaichi said Japan “strongly hopes” that “free. safe navigation through the Strait of Hormuz will be ensured in practice, and that a final agreement on Iran’s nuclear issue and other matters will be reached as soon as possible.”
High oil. gas prices and energy supply problems won’t be solved overnight, despite an agreement to end the Iran war and open the strait of Hormuz announced Sunday, writes the Associated Press.
It will probably take months before energy companies can resume operations to the point of meeting the world’s demand. according to energy experts. The slow pace of the process of shipping. refining crude oil, and doubts about the security of travelling through the strait mean the effect won’t be seen immediately, they said.
Ships loaded with crude oil have been stranded in the Persian Gulf for more than three months, unable to safely travel through the waterway, through which about a fifth of the world’s oil. gasoline supplies typically travelled before the war began.
“It’s going to take time for people to feel comfortable and for insurance to be in place.. particularly to get people on the ground to restart some of these assets,” said Daniel Evans, global head of fuels. refining research at S+P Global Energy.
The United Kingdom, France, Germany. Italy said they were prepared to lift sanctions imposed on Iran, according to a joint statement Sunday, welcoming an agreement reached between the Washington and Tehran to end the war in the Middle East.
double quotation mark We are prepared to lift relevant sanctions in response to clear. verifiable steps by Iran on its nuclear programme. We will work intensively with the US, Iran. regional partners to seize this moment, maintain momentum and achieve a long-term diplomatic settlement,” the joint statement read. “Iran must never acquire a nuclear weapon. We stand ready to work with the US, Iran and the IAEA (International Atomic Energy Agency) to this end.”
The United States will release $12bn in frozen assets to Iran before the start of negotiations. Mehr news agency reported on Monday.
Quoting a 14-point memorandum of understanding between the two nations. the document published by Mehr stipulated “the release of 24 billion dollars in frozen Iranian assets during the 60?day negotiation period” that begins after the memorandum of understanding is concluded.
“ Half of this amount must be made available to Iran before the start of the negotiations,” the text. which has not been officially confirmed, specifies.
In a call with the New York Times. president Trump has said that under an agreement with Iran the strait of Hormuz will be “permanently toll free”.
Trump also insisted that if Iran failed to reach a final nuclear accord with the US. he would restart military attacks on Tehran or make the US “the guardian of the Middle East” in return for 20% of the region’s revenues.
There has been no immediate reaction to the announcement from Israel. which has said it was not party to the planned US-Iran deal.
The agreement was sealed despite an Israeli strike on Lebanon on Sunday that drew criticism from both Iran and Trump.
Iran’s foreign ministry said it held the United States responsible for the attack. Iran warned of a “strong response“,. its top joint military command said the “finger (is) on the trigger” ready to fire at the “enemy’s heart”.
In a post earlier on Sunday. Trump said: “This morning’s attack on Beirut should not have happened, particularly on a special day when we are so close to a Peace Deal with Iran.”
Some reactions to the initial deal are coming in.
UN chief António Guterres welcomed the US-Iran peace deal, describing it as a “critical step”.
“The Secretary-General hopes that the parties will build on this new momentum. redouble their efforts towards a final resolution of the conflict,” Guterres said in a statement attributed to his spokesperson Stephane Dujarric.
UK prime minister Keir Starmer said:
“We are clear that toll-free freedom of navigation must now be restored in the Strait of Hormuz,” he said. adding that “Iran must never have a nuclear weapon”.
French President Emmanuel Macron said G7 leaders would discuss on Monday the long-term reopening of the strait of Hormuz.
“The aim will be to see the consequences of this agreement, support for Lebanon, the lasting reopening of Hormuz. of course the concluding of an accord on nuclear and ballistic activities in Iran,” Macron said Sunday in a video on Instagram.
It is expected that an initial agreement between the US and Iran will be signed in Geneva on Friday.
However, many of the details of today’s deal remain unclear, notably around the reopening of the strait of Hormuz.
In a post on Truth Social Trump said:
double quotation mark This Great Deal will bring Peace and Security to the whole Region. Many presidents have tried to make Peace with Iran, and all have failed before me. The Leaders of the Region have, for the first time, found a President who can help them achieve real Peace. With the opening of the Strait upon the signing of the Deal on Friday, for purposes of mine removal, oil will flow on both ends again for the Region,. the World!
But on Iran’s Mehr state news. it was reported that the MoU calls for the reopening of the strait with 30 days under “Iranian arrangements”.
More from the Iranian deputy foreign minister Kazem Gharibabadi who said in televised comments in the early hours of Monday. the newly announced agreement with the United States puts an “immediate end” to the countries’ war.
double quotation mark A permanent and immediate end to the war has been declared on all fronts, including Lebanon.”
Markets have responded positively to the developments in Iran, with Brent crude futures hitting $83.51/bbl, the lowest since early March.
Iran’s deputy foreign minister has made several comments regarding the deal, noting that it will take effect from Friday.
Negotiations for a final deal, he said, will be held in a period of 60 days.
Meanwhile. Iranian state TV says it has been decided that marine traffic through the gulf will be regulated by Iran in coordination with Oman.
A deal between the US and Iran has reportedly been reached. The agreement was first announced by Shehbaz Sharif, the prime minister of Pakistan who has been acting as a mediator. Minutes later, Donald Trump confirmed the deal, writing: “The Deal with the Islamic Republic of Iran is now complete.”
Iran’s Fars News agency reported. an official statement from Iran’s supreme national security council will be issued later tonight regarding the ceasefire agreement with the US.
Earlier on Sunday, the Israeli military launched strikes on Beirut it claimed were targeting Hezbollah infrastructure. Lebanon civil defense says three people were killed in the strikes.
Iran’s highest national security body warned later that a response was “imminent” following the Israeli strike. Iran’s foreign ministry said that it holds the US directly responsible for Israel’s ceasefire breaches in Lebanon.
Iran’s state broadcaster said that flights at airports in the west of the country are cancelled. after Tehran warned it would respond to an Israeli attack on Beirut.
In an earlier Truth Social post, Trump criticized the Israeli prime minister, Benjamin Netanyahu, for launching the attack as Washington. Tehran were in the midst of negotiating the deal. “Why did Bibi [Netanyahu] have to do a fucking attack?” Trump told Axios. “I was so pissed off. I let him know. He has no fucking judgement. I let him know that.” Trump added that he asked Iran not to respond against the Israeli strikes.
Iranian state TV is reporting that Iran “forced” the US to accept its peace deal, according to Reuters.
Iran’s Fars News agency is reporting. an official statement from the Supreme National Security Council will be issued shortly regarding the ceasefire agreement with the US. It added that it has been decided that marine traffic through the Persian Gulf. the strait of Hormuz will be regulated by Iran in coordination with Oman.
Donald Trump confirmed on his Truth Social platform that a deal between the US and Iran has been reached.
“The Deal with the Islamic Republic of Iran is now complete,” Trump wrote. “Congratulations to all! I hereby fully authorize the toll free opening of the Strait of Hormuz. and, simultaneously herewith, authorize the immediate removal of the United States Naval blockade. Ships of the World, start your engines. Let the oil flow!”
A deal between the US. Iran has been reached, says Shehbaz Sharif, the prime minister of Pakistan who has been acting as a mediator.
“Following intensive talks, we are pleased to announce that the Peace Deal between the United States of America. Islamic Republic of Iran has been REACHED,” he wrote on X. “Both sides have declared the immediate and permanent termination of military operations on all fronts, including in Lebanon.”
He added: “The official signing ceremony will be on Friday, 19 June in Switzerland.”
“With the agreement now in place, mediators will facilitate a series of meetings this week. These pre-implementation discussions will lay the foundation for the technical talks and the official signing ceremony.”
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