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US and Iran sign tentative peace deal: Strait of Hormuz to reopen by Friday

23 articles·13 sources·updated about 14 hours ago·View in graph

Story Timeline

17 days · 9 summary articles

  1. US and Iran sign tentative peace deal: Strait of Hormuz to reopen by Friday

  2. US and Iran agree landmark deal to end Middle East hostilities and reopen Strait of Hormuz

    Continuation

  3. Iran rejects Sunday US deal signing as Tehran talks stall

  4. US and Iran agree final text to end war: fresh clashes erupt near Strait of Hormuz

  5. U.S. downs Iranian drones as Iran deal nears final text

  6. Iran and Israel declare fragile ceasefire as Trump warns Netanyahu: 'You'll be on your own'

  7. Israel strikes Beirut as US-Iran ceasefire deal nears: Escalation threatens fragile talks

    revised 2×

  8. Iran warns of 'full force' response as U.S. considers redirecting frozen assets

    revised 2×

  9. Trump claims Iran deal to be signed Sunday: Iran denies timeline

    revised 4×
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A tentative US-Iran peace deal to end Middle East hostilities was formally signed on Monday, with President Donald Trump declaring the Strait of Hormuz would reopen by Friday and Iran guaranteeing it would not pursue nuclear weapons. The agreement, mediated by Pakistan, commits both sides to de-escalate tensions in Lebanon and across the region, though key details remain undisclosed and scepticism persists in Tehran.

Speaking at a press conference on his 80th birthday, Trump announced the deal had been “fully signed” and that oil shipments would flow freely through the strategic waterway by 20 June . EU Commission President Ursula von der Leyen welcomed the accord, stressing the “priority now is its swift and full implementation by all parties” . The United Arab Emirates also urged strict compliance, calling for respect of state sovereignty and uninterrupted navigation through Hormuz .

Yet the deal’s durability remains uncertain. Iran has not confirmed the signing date, and Israeli officials have already ruled out withdrawing from Lebanon, complicating one of the accord’s central pledges . In Tehran, many citizens expressed doubt that the agreement would alleviate economic hardship, with Al Jazeera reporting widespread scepticism among Iranians .

The framework, described as a memorandum of understanding rather than a permanent treaty, sets a 60-day window for further negotiations to finalise terms on sanctions relief, nuclear oversight, and regional troop withdrawals . A formal signing ceremony is scheduled for Friday in Switzerland, coinciding with Trump’s attendance at a G7 summit near Lake Geneva .

Critics, including some European commentators, argue the deal merely restores the status quo ante bellum without addressing underlying grievances . Meanwhile, Trump framed the accord as a personal triumph, declaring on social media that “the strait is open” and Iran’s nuclear ambitions “absolutely guaranteed” to remain unrealised . The coming weeks will test whether this fragile truce can outlast the scepticism of allies and adversaries alike.

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⚡️Trump: "The deal with Iran is fully signed, the strait is open" United States President Donald Trump announced that the new agreement with Iran has been finalized. According to him, under the agreement the Strait of Hormuz will remain open for full freedom of navigation, and it was absolutely guaranteed that Iran will not have nuclear weapons. 💧 Rainbet.com the #1 Non-KYC Crypto Casino & Sportsbook @rainbetcom +18

telegram bot · about 14 hours ago

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UAE calls for full compliance with US-Iran peace deal The United Arab Emirates on Monday welcomed a US-Iran peace agreement announced by President Donald Trump and demanded strict adherence to its terms, while urging respect for state sovereignty and the uninterrupted freedom of navigation through the Strait of Hormuz.

yenisafak · about 14 hours ago

Live From Europe

OIC welcomes US-Iran framework deal to end conflict The Organization of Islamic Cooperation welcomed the US-Iran memorandum of understanding to end their conflict and restore freedom of navigation in the Strait of Hormuz. The OIC commended Pakistan and Qatar for their mediation roles and expressed hope the agreement would be fully implemented. The deal will be signed Friday in Switzerland.

yenisafak · about 14 hours ago

The 8 unresolved questions in Trumps Iran deal The U.S.-Iran deal was signed electronically on Sunday by President Trump, Vice President Vance and Iranian parliamentary speaker Mohammad-Bagher Ghalibaf, senior administration officials told reporters on Monday. Why it matters: The deal is already testing whether Washington and Tehran can turn a battlefield pause into a broader settlement — starting with the Strait of Hormuz, and then moving to the far thornier question of Irans nuclear program.State of play: A 60-day ceasefire extension is in effect, U.S. officials say, including in Lebanon. But the Strait of Hormuz is not expected to begin reopening until after a formal signing ceremony Friday in Geneva.Vance, U.S. envoys Steve Witkoff and Jared Kushner, Ghalibaf and Iranian Foreign Minister Abbas Araghchi are expected to meet Friday with Pakistani and Qatari mediators to discuss the next phase.U.S. officials say the full text of the memorandum of understanding (MOU) will be released in the next 24-48 hours, though Trump said it might not be published until after its signed.The big picture: Washington and Tehran are racing to shape the narrative around a deal that few people have actually read, but which markets, world leaders and ordinary citizens are already reacting to.The U.S. says relief for Iran will be tied to performance. Iranian state media has described a more generous package.Shipping companies say theyre waiting for clearer guarantees from Tehran before sending cargo through the Strait of Hormuz.Hawks in Washington and Israel are pressing the White House to explain exactly what Iran is getting — and what happens if nuclear talks fail.Breaking it down: Here are eight key questions that are still swirling around the deal.The White House did not respond to the questions when asked by Axios.1. Is the deal actually in effect?The MOU was signed electronically on Sunday, with a more formal signing ceremony to be held on Friday in Switzerland.The 60-day extension of the ceasefire took immediate effect, but the strait is not yet fully open.While Trump announced the "immediate" lifting of the U.S. blockade and opening of the strait on Sunday, he later said it would open on Friday once the ceremony takes place.A U.S. defense official said the military was ordered to prepare to lift the blockade Friday.Trump claimed Monday that ships were already moving, though Iranian state media said the status of the strait was unchanged.2. Will the strait be truly "open"?The U.S. side has consistently said the deal would open the strait without "tolls" or any other restrictions. A regional diplomat involved in the mediation told Axios last week that the deal called for shipping volumes through the strait to return to prewar levels within 30 days. But Iranian officials have told state media the strait wont simply return to "pre-war status," and that Iran will retain some level of control.The Fars news agency reported that Iran had agreed not to impose tolls during the 60 days, but would begin charging safety and environmental fees after that.The intrigue: A senior administration official said there would be a "regional dialogue" on the future of the strait and how to ensure it will never be closed again.State of play: Shipping companies are moving cautiously. Maersk and others have said theyre waiting for more clarity and guarantees of safety, and some analysts doubt volumes will actually return to the pre-war norm any time soon.A senior administration official told reporters the U.S. expects volumes to increase significantly over the next two weeks, though probably not to return to normal."Some crews want to see a little bit more stability for the next couple of days, maybe the next couple of weeks," the official said.3. What does Iran get?Both sides agree that Iran gets two big things: an end to the fighting, and sanctions waivers to allow oil exports. That alone would generate much-needed revenue for Tehran, but Iranian state media has claimed the government is also getting billions of dollars in frozen funds just for signing.A senior U.S. official adamantly denied that, saying Iran would only get access to those funds based on a "pay for performance model." The full economic benefits of the deal, the U.S. side says, depend on signing a more detailed nuclear accord.Some skeptics of the deal have raised concerns there might be side agreements that give Iran access to cash immediately, though the White House calls that "misinformation."Yes, but: The senior administration official said the U.S. was prepared to make some "small gestures" early in the process on frozen funds and sanctions relief if Iran made similar "gestures" reflecting their willingness to comply with the deal.4. Do they agree about whats been agreed?The U.S. and Iran are offering conflicting accounts of what the deal requires — and what each side gets in return.Thats in part because the negotiations were handled largely indirectly, through mediators, and the MOU is a broad political understanding rather than a detailed treaty.That could leave enough ambiguity for both sides to claim they got what they needed, even if they have different expectations about what happens next."I am somewhat concerned that Irans view of the agreement seems different than what the American negotiating team is claiming," said Sen. Lindsey Graham (R-S.C.), a hawkish Trump ally.One of the senior administration officials claimed the discrepancies were actually due to Iran overselling the deal for domestic consumption.5. Will we see the text?Much of this confusion could be cleared up if the parties or the mediators simply published the full text of the MOU.In Mondays briefing, a senior administration official said that would happen in the next 24-48 hours. Trump said it might not happen until after Friday.6. Will Israel comply?The agreement is receiving criticism from across the political spectrum in Israel, less than four months before an election. Thats in part because it requires Israel to observe a ceasefire in Lebanon.Defense Minister Israel Katz has said Israel will not withdraw from the parts of southern Lebanon it occupies or give up its ability to respond to Hezbollah attacks. If Iran strikes Israel over the war in Lebanon, Katz said, Israel will hit Iran "with full force."A senior U.S. official said the deal does not require an Israeli withdrawal and would not create a "one-way ceasefire," meaning Israel could respond if Hezbollah attacks.But Israeli officials worry their freedom to operate in Lebanon will be sharply curtailed.After an Israeli strike in Beirut on Sunday nearly derailed the deal, Trump told Axios that Prime Minister Benjamin Netanyahu had "no fucking judgement."Trump said Monday that he hopes to "solve" the situation in Lebanon and that "well have to have a little chat with Hezbollah about this."7. Will there ever be a nuclear deal?The MOU is designed to launch 60 days of nuclear negotiations. All of the nuclear elements of the deal are dependent on a much more technical final agreement, as is the bulk of the sanctions relief Iran hopes to receive.U.S. officials acknowledge it will be very difficult to achieve such a deal, given the mutual distrust and how difficult it was to get the much less detailed MOU.Witkoff and Kushner traveled to Oak Ridge, Tennessee earlier this month to meet with nuclear experts who would play a role in such negotiations.Whats next: Pakistani Prime Minister Shehbaz Sharif, one of the mediators, said there would be meetings "this week" to set the stage for nuclear negotiations.8. Will the war resume without one?U.S. officials say they will not withdraw the forces sent to the region unless there is a nuclear deal. One official argued that the damage imposed on Iran increased the chances of a deal, and said Trump still has "tools in his arsenal" if diplomacy fails.Iranian officials, meanwhile, claim Trump was desperate to end the war and that Tehran now has the leverage.What to watch: "I think well know over the next two to three weeks whether those understandings will turn into an actual agreement," a senior administration official told reporters.

The 8 unresolved questions in Trumps Iran deal The U.S.-Iran deal was signed electronically on Sunday by President Trump, Vice President Vance and Iranian parliamentary speaker Mohammad-Bagher Ghalibaf, senior administration officials told reporters on Monday. Why it matters: The deal is already testing whether Washington and Tehran can turn a battlefield pause into a broader settlement — starting with the Strait of Hormuz, and then moving to the far thornier question of Irans nuclear program.State of play: A 60-day ceasefire extension is in effect, U.S. officials say, including in Lebanon. But the Strait of Hormuz is not expected to begin reopening until after a formal signing ceremony Friday in Geneva.Vance, U.S. envoys Steve Witkoff and Jared Kushner, Ghalibaf and Iranian Foreign Minister Abbas Araghchi are expected to meet Friday with Pakistani and Qatari mediators to discuss the next phase.U.S. officials say the full text of the memorandum of understanding (MOU) will be released in the next 24-48 hours, though Trump said it might not be published until after its signed.The big picture: Washington and Tehran are racing to shape the narrative around a deal that few people have actually read, but which markets, world leaders and ordinary citizens are already reacting to.The U.S. says relief for Iran will be tied to performance. Iranian state media has described a more generous package.Shipping companies say theyre waiting for clearer guarantees from Tehran before sending cargo through the Strait of Hormuz.Hawks in Washington and Israel are pressing the White House to explain exactly what Iran is getting — and what happens if nuclear talks fail.Breaking it down: Here are eight key questions that are still swirling around the deal.The White House did not respond to the questions when asked by Axios.1. Is the deal actually in effect?The MOU was signed electronically on Sunday, with a more formal signing ceremony to be held on Friday in Switzerland.The 60-day extension of the ceasefire took immediate effect, but the strait is not yet fully open.While Trump announced the "immediate" lifting of the U.S. blockade and opening of the strait on Sunday, he later said it would open on Friday once the ceremony takes place.A U.S. defense official said the military was ordered to prepare to lift the blockade Friday.Trump claimed Monday that ships were already moving, though Iranian state media said the status of the strait was unchanged.2. Will the strait be truly "open"?The U.S. side has consistently said the deal would open the strait without "tolls" or any other restrictions. A regional diplomat involved in the mediation told Axios last week that the deal called for shipping volumes through the strait to return to prewar levels within 30 days. But Iranian officials have told state media the strait wont simply return to "pre-war status," and that Iran will retain some level of control.The Fars news agency reported that Iran had agreed not to impose tolls during the 60 days, but would begin charging safety and environmental fees after that.The intrigue: A senior administration official said there would be a "regional dialogue" on the future of the strait and how to ensure it will never be closed again.State of play: Shipping companies are moving cautiously. Maersk and others have said theyre waiting for more clarity and guarantees of safety, and some analysts doubt volumes will actually return to the pre-war norm any time soon.A senior administration official told reporters the U.S. expects volumes to increase significantly over the next two weeks, though probably not to return to normal."Some crews want to see a little bit more stability for the next couple of days, maybe the next couple of weeks," the official said.3. What does Iran get?Both sides agree that Iran gets two big things: an end to the fighting, and sanctions waivers to allow oil exports. That alone would generate much-needed revenue for Tehran, but Iranian state media has claimed the government is also getting billions of dollars in frozen funds just for signing.A senior U.S. official adamantly denied that, saying Iran would only get access to those funds based on a "pay for performance model." The full economic benefits of the deal, the U.S. side says, depend on signing a more detailed nuclear accord.Some skeptics of the deal have raised concerns there might be side agreements that give Iran access to cash immediately, though the White House calls that "misinformation."Yes, but: The senior administration official said the U.S. was prepared to make some "small gestures" early in the process on frozen funds and sanctions relief if Iran made similar "gestures" reflecting their willingness to comply with the deal.4. Do they agree about whats been agreed?The U.S. and Iran are offering conflicting accounts of what the deal requires — and what each side gets in return.Thats in part because the negotiations were handled largely indirectly, through mediators, and the MOU is a broad political understanding rather than a detailed treaty.That could leave enough ambiguity for both sides to claim they got what they needed, even if they have different expectations about what happens next."I am somewhat concerned that Irans view of the agreement seems different than what the American negotiating team is claiming," said Sen. Lindsey Graham (R-S.C.), a hawkish Trump ally.One of the senior administration officials claimed the discrepancies were actually due to Iran overselling the deal for domestic consumption.5. Will we see the text?Much of this confusion could be cleared up if the parties or the mediators simply published the full text of the MOU.In Mondays briefing, a senior administration official said that would happen in the next 24-48 hours. Trump said it might not happen until after Friday.6. Will Israel comply?The agreement is receiving criticism from across the political spectrum in Israel, less than four months before an election. Thats in part because it requires Israel to observe a ceasefire in Lebanon.Defense Minister Israel Katz has said Israel will not withdraw from the parts of southern Lebanon it occupies or give up its ability to respond to Hezbollah attacks. If Iran strikes Israel over the war in Lebanon, Katz said, Israel will hit Iran "with full force."A senior U.S. official said the deal does not require an Israeli withdrawal and would not create a "one-way ceasefire," meaning Israel could respond if Hezbollah attacks.But Israeli officials worry their freedom to operate in Lebanon will be sharply curtailed.After an Israeli strike in Beirut on Sunday nearly derailed the deal, Trump told Axios that Prime Minister Benjamin Netanyahu had "no fucking judgement."Trump said Monday that he hopes to "solve" the situation in Lebanon and that "well have to have a little chat with Hezbollah about this."7. Will there ever be a nuclear deal?The MOU is designed to launch 60 days of nuclear negotiations. All of the nuclear elements of the deal are dependent on a much more technical final agreement, as is the bulk of the sanctions relief Iran hopes to receive.U.S. officials acknowledge it will be very difficult to achieve such a deal, given the mutual distrust and how difficult it was to get the much less detailed MOU.Witkoff and Kushner traveled to Oak Ridge, Tennessee earlier this month to meet with nuclear experts who would play a role in such negotiations.Whats next: Pakistani Prime Minister Shehbaz Sharif, one of the mediators, said there would be meetings "this week" to set the stage for nuclear negotiations.8. Will the war resume without one?U.S. officials say they will not withdraw the forces sent to the region unless there is a nuclear deal. One official argued that the damage imposed on Iran increased the chances of a deal, and said Trump still has "tools in his arsenal" if diplomacy fails.Iranian officials, meanwhile, claim Trump was desperate to end the war and that Tehran now has the leverage.What to watch: "I think well know over the next two to three weeks whether those understandings will turn into an actual agreement," a senior administration official told reporters.

axios · about 14 hours ago

Trump says Iran deal is all signed, text to be released soon

Trump says Iran deal is all signed, text to be released soon

news.yahoo.com · about 14 hours ago

Trump Says Strait of Hormuz Will Be Fully Open by Friday Under Iran Deal The text of the deal will be released in the coming days, officials said, as questions about it are set to dominate a G-7 meeting in France.

Trump Says Strait of Hormuz Will Be Fully Open by Friday Under Iran Deal The text of the deal will be released in the coming days, officials said, as questions about it are set to dominate a G-7 meeting in France.

wsj · about 14 hours ago

Live From Europe

Let the oil flow!: Can US and Iran actually strike lasting deal? If Donald Trump calls it a peace deal, does that make it so? Let the oil flow, trumpeted the US president after agreeing on the day of his 80th birthday to a memorandum of understanding with Iran. Trump quick to schedule a signing ceremony - this one next Friday in Switzerland, across from where hes flown in for a G-Seven summit on the French side of Lake Geneva.

france24 · about 14 hours ago

Live From Europe

Iran deal allows Tehran to charge maritime service fees on Hormuz Strait transit, ministry days US officials said Monday that ships will move toll-free through the Strait of Hormuz under an Iran peace deal signed by President Donald Trump, and insisted that Tehran would have to fulfill its commitments before getting any economic benefits. However, Irans foreign ministry said on Monday that the deal would allow it to charge maritime service fees on ships transiting the Strait of Hormuz, rather than imposing "tolls." FRANCE 24s Peter OBrien reports.

france24 · about 14 hours ago

Strait of Hormuz will be completely open Friday after US-Iran deal is signed, Trump says It has been announced that the war will be ended on all fronts including Lebanon, and the vital Strait of Hormuz will reopen.

Strait of Hormuz will be completely open Friday after US-Iran deal is signed, Trump says It has been announced that the war will be ended on all fronts including Lebanon, and the vital Strait of Hormuz will reopen.

thejournal · about 14 hours ago

Trumps Iran peace deal already under strain as Israel vows to stay in Lebanon indefinitely Israel and the United States appeared at odds over Lebanon, where the Israeli military continued to operate on Monday

Trumps Iran peace deal already under strain as Israel vows to stay in Lebanon indefinitely Israel and the United States appeared at odds over Lebanon, where the Israeli military continued to operate on Monday

independent · about 14 hours ago

Iran-US war latest: Netanyahu says he and Trump dont always see eye to eye as he warns Israel threat is not over despite peace deal A White House official said Trumps Iran deal does not include Israels conditional withdrawal from Lebanon amid its conflict with Hezbollah

Iran-US war latest: Netanyahu says he and Trump dont always see eye to eye as he warns Israel threat is not over despite peace deal A White House official said Trumps Iran deal does not include Israels conditional withdrawal from Lebanon amid its conflict with Hezbollah

independent · about 14 hours ago

Live From Europe

Oil prices drop as Trump heralds US-Iran peace deal

gdeltproject.org · about 14 hours ago

Live From Europe

What We Do and Dont Know About the U.S.-Iran Peace Deal Key issues, like Irans nuclear program, remain unresolved.

foreignpolicy.com · about 14 hours ago

Live From Europe

Trump says Iran deal all signed US President Donald Trump has said the agreement with Iran is all signed.

aljazeera · about 14 hours ago

Live From Europe

As deal is agreed with US, not all in Iran are convinced that peace is here Iranians are sceptical that a US-Iran agreement will end their hardships.

aljazeera · about 14 hours ago

The Guardian view on Donald Trumps Iran deal: a pause is not a triumph | Editorial The US-Iran ceasefire is welcome. But the US president is trying to disguise a failed war of choice as a diplomatic victoryThe US-Iran agreement to halt fighting for 60 days is welcome, because even cynical diplomacy is better than war. But Donald Trump should not be allowed to call this a triumph. He has bought a pause after an illegal war of choice that failed to secure its declared aims, devastated Iran, destabilised Lebanon and sent shocks through energy and fertiliser markets, leaving many people poorer and hungrier. A campaign launched to display US military strength is likely instead to be remembered for demonstrating its limits.A deal with Iran is better than war with Iran. But the US president is hailing as victory the partial easing of a crisis that he, and Israels Benjamin Netanyahu, helped create. The measure of success will not be the reopening of the strait of Hormuz, which war had closed, but whether the next two months produce a verifiable nuclear settlement and put out the flames fanned by the US-Israel attacks.Do you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters section, please click here. Continue reading...

The Guardian view on Donald Trumps Iran deal: a pause is not a triumph | Editorial The US-Iran ceasefire is welcome. But the US president is trying to disguise a failed war of choice as a diplomatic victoryThe US-Iran agreement to halt fighting for 60 days is welcome, because even cynical diplomacy is better than war. But Donald Trump should not be allowed to call this a triumph. He has bought a pause after an illegal war of choice that failed to secure its declared aims, devastated Iran, destabilised Lebanon and sent shocks through energy and fertiliser markets, leaving many people poorer and hungrier. A campaign launched to display US military strength is likely instead to be remembered for demonstrating its limits.A deal with Iran is better than war with Iran. But the US president is hailing as victory the partial easing of a crisis that he, and Israels Benjamin Netanyahu, helped create. The measure of success will not be the reopening of the strait of Hormuz, which war had closed, but whether the next two months produce a verifiable nuclear settlement and put out the flames fanned by the US-Israel attacks.Do you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters section, please click here. Continue reading...

theguardian · about 14 hours ago

Will US-Iran peace deal hold? - The Latest The US and Iran have reached a tentative deal to end the conflict in the Middle East, but competing claims from Donald Trump and Tehran have left the details shrouded in uncertainty. Questions remain over the reopening of the strait of Hormuz, Israels withdrawal from Lebanon, and the future of Irans nuclear programme. Nosheen Iqbal speaks to the Guardians senior international correspondent Julian Borger Continue reading...

Will US-Iran peace deal hold? - The Latest The US and Iran have reached a tentative deal to end the conflict in the Middle East, but competing claims from Donald Trump and Tehran have left the details shrouded in uncertainty. Questions remain over the reopening of the strait of Hormuz, Israels withdrawal from Lebanon, and the future of Irans nuclear programme. Nosheen Iqbal speaks to the Guardians senior international correspondent Julian Borger Continue reading...

theguardian · about 14 hours ago

Middle East crisis live: Trump claims ships carrying oil are moving out of strait of Hormuz after US and Iran agree deal Initial deal expected to be signed on Friday but Israel has ruled out withdrawing from LebanonTrump hails Iran deal that fixes nothing except a problem his war causedExplainer: what do we know about the US-Iran peace deal?The agreement between the United ⁠States and Iran should allow for the immediate reopening ⁠of the ⁠Strait ​of Hormuz, EU Commission President Ursula von ⁠der Leyen said on Monday.The priority now is ⁠its swift and full implementation ​by all parties, ‌von der ‌Leyen said about the ‌announced deal. Continue reading...

Middle East crisis live: Trump claims ships carrying oil are moving out of strait of Hormuz after US and Iran agree deal Initial deal expected to be signed on Friday but Israel has ruled out withdrawing from LebanonTrump hails Iran deal that fixes nothing except a problem his war causedExplainer: what do we know about the US-Iran peace deal?The agreement between the United ⁠States and Iran should allow for the immediate reopening ⁠of the ⁠Strait ​of Hormuz, EU Commission President Ursula von ⁠der Leyen said on Monday.The priority now is ⁠its swift and full implementation ​by all parties, ‌von der ‌Leyen said about the ‌announced deal. Continue reading...

theguardian · about 14 hours ago

Live From Europe

US and Iran sign agreement to reopen Strait of Hormuz The United States and Iran have signed an agreement on the Strait of Hormuz. Full details are expected to be released within the next 24-48 hours. This story is developing.

ukrpravda · about 14 hours ago

Live From Europe

European oil shares fall as US-Iran peace deal drives crude prices down European energy stocks dropped sharply following the US-Iran peace agreement, which includes the reopening of the Strait of Hormuz within 30 days and the lifting of sanctions on Iranian oil. Brent crude fell 5. TotalEnergies and Shell lost 4.8 and 4.7, respectively, as investors anticipated an end to war-driven profit growth.

yenisafak · about 14 hours ago

What a U.S.-Iran peace deal could mean for energy, inflation The prospect of a reopened Strait of Hormuz and a pending U.S.-Iran peace deal could help ease the big inflation risk hanging over Kevin Warshs first Federal Reserve meeting as chairman."Ships are starting to move, many loaded up with Oil, out of the Strait of Hormuz," President Trump said Monday morning in a post on Truth Social.Friction point: Lingering disruptions to shipments of oil, fertilizer and other industrial inputs could keep inflation concerns alive at the Fed.What theyre saying: "Sailing through the strait will remain riskier and more costly than before the war," Oxford Economics Ben May wrote in a note Monday morning. May noted that damage from underwater mines or a sudden re-escalation of the conflict will keep insurance coverage for the strait higher than pre-war levels. Reuters reported Monday morning that ensuring the strait is safe from mines could take weeks. "Physical flows are still likely to recover gradually rather than immediately, even if prices respond more quickly to signs that a credible reopening deal is in place," May wrote.The bottom line: The peace deal might reduce geopolitical risk, though the effects on global supply chains might come more slowly.

What a U.S.-Iran peace deal could mean for energy, inflation The prospect of a reopened Strait of Hormuz and a pending U.S.-Iran peace deal could help ease the big inflation risk hanging over Kevin Warshs first Federal Reserve meeting as chairman."Ships are starting to move, many loaded up with Oil, out of the Strait of Hormuz," President Trump said Monday morning in a post on Truth Social.Friction point: Lingering disruptions to shipments of oil, fertilizer and other industrial inputs could keep inflation concerns alive at the Fed.What theyre saying: "Sailing through the strait will remain riskier and more costly than before the war," Oxford Economics Ben May wrote in a note Monday morning. May noted that damage from underwater mines or a sudden re-escalation of the conflict will keep insurance coverage for the strait higher than pre-war levels. Reuters reported Monday morning that ensuring the strait is safe from mines could take weeks. "Physical flows are still likely to recover gradually rather than immediately, even if prices respond more quickly to signs that a credible reopening deal is in place," May wrote.The bottom line: The peace deal might reduce geopolitical risk, though the effects on global supply chains might come more slowly.

axios · about 14 hours ago

Live From Europe

Oil prices drop as Trump heralds US-Iran peace deal

gdeltproject.org · about 14 hours ago

Live From Europe

Oil prices drop as Trump heralds US-Iran peace deal

gdeltproject.org · about 15 hours ago