Donald Trump said the strait of Hormuz will open “as soon as we sign” the documents of the “great settlement” reached with Iran.
“The whole Middle East is happy,” Trump said.
Donald Trump said he will likely not attend the signing of the Iran agreement. which he said will be signed “soon, very soon, maybe over the weekend in Europe ”.
However, vice president JD Vance “will be there”, Trump said.
Donald Trump said the strait of Hormuz will open “as soon as we sign” the documents of the “great settlement” reached with Iran.
“The whole Middle East is happy,” Trump said.
Donald Trump told reporters in the Oval Office. the deal reached with Iran holds with the point he has refused to budge on – the future of Iran’s nuclear program.
“Iran will never have a nuclear weapon. which is the whole purpose of what we had to go through to get this,” Trump said.
Trump added that he “just spoke” to Israeli prime minister Benjamin Netanyahu, in addition to the leaders of Qatar, the United Arab Emirates, Bahrain. Kuwait, and that he will be speaking to Recep Tayyip Erdoğan, president of Turkey.
Donald Trump is speaking to the press at a proclamation signing in the Oval Office. One of his first comments was that he had “just had a big day”.
“We just made a great settlement in the war with Iran. we’re going to be subject to finalisation of documents, which should get done in the next few days,” Trump said.
He said the signing will likely take place in Europe.
Any agreement related to Iran. its nuclear program will be “presented to Congress for review and approval”, said US senator Lindsey Graham, a longtime ally of Donald Trump.
“I hope we have in fact reached a diplomatic solution to end the Iranian conflict that will meet President Trump’s red lines. be fundamentally different from the JCPOA,” Graham posted on X. “As in the past, any agreement reached with Iran related to their nuclear program will be presented to Congress for review. approval. I look forward to that process.”
The Indian government has voiced a “strong protest” after three Indian seafarers were killed in US military strikes against oil tankers travelling through the strait of Hormuz.
US Central Command confirmed. its aircraft had fired two Hellfire missiles at the engine room of the MT Settebello as it sailed through the Gulf of Oman on Wednesday.
The US said its forces had carried out “precision strikes” against the ship. which was sailing under the flag of the Pacific island of Palau, after its crew repeatedly failed to comply with instructions.
The US alleged the ship was violating its military blockade of Iranian ports, which it began enforcing in April in an effort to cut off revenue. increase pressure on Tehran as peace talks have continued to falter.
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While the White House has sought a peace agreement with Iran. it would mark a major achievement for this administration, Trump has claimed dozens of times to be close to an agreement and has previously said the Iranian leadership had agreed peace terms that they in fact had not.
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US stock markets are also reacting positively to Trump’s statement calling off his threat to bomb Iran this evening.
The S+P 500 jumped 1.3%. coming off a back-to-back drop that had yanked it back to where it was in early May.
The Dow Jones Industrial Average was up 802 points, or 1.6%, as of 2 pm ET,. the Nasdaq composite was 1.8% higher.
Stocks leaped immediately after Trump said on his social media network that “discussions with the Islamic Republic of Iran have been brought to the highest level of Iranian leadership. approved” and that the time and place of a signing will “be announced shortly.”
Iran has not yet agreed to any document or memorandum of understanding with the United States. Iran’s Fars news agency reports, citing an informed source close to Iran’s negotiating team.
This appears to contradict Donald Trump’s statement that “final points have been, in both concept. great detail, approved by all parties involved”.
Trump’s announcement came after talks to end hostilities carried on late into Wednesday night, according to reports.
Axios reports that Qatari envoy Ali Al-Thawadi. Iran’s foreign minister Abbas Araghchi believed they had reached an agreement on Wednesday that both Iran and the US could accept.
Key issues at stake were how frozen Iranian assets would be released, how the strait of Hormuz would be reopened. what would happen to Iran nuclear program.
Oil prices dropped following the announcement from Donald Trump that he has “ cancelled the scheduled strikes. bombings against Iran this evening”, the Associated Press reports.
Brent futures fell $3.37. or 3.6%, to $89.73 a barrel, while US West Texas Intermediate (WTI) crude futures fell $3.20, or 3.6%, to $86.83 a barrel.
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