This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact The Epoch Times Reprints.
Trump said Iran agreed to ’strong policing powers’ to ensure that it ‘will not have a nuclear weapon.’
The vice president said the agreement opens the Strait of Hormuz and would preclude Iran from getting a nuclear weapon.
The announcement has been widely welcomed, but Israeli Security Minister Itamar Ben-Gvir said the deal does not bind his country.
Most oil and gas shipments through the Strait of Hormuz could resume by the end of the third quarter of 2026, analysts say.
The statement comes after the president announced a tentative agreement with Iran to end hostilities.
Israel’s National Security minister also said that the ceasefire deal agreed between the United States and Iran did not bind the Jewish state.
‘It is now vital that the detailed negotiations are concluded and this agreement is implemented rapidly and comprehensively,’ the nations said.
Trump held phone calls with both Putin and Zelenskyy on June 14.
A signing ceremony will be held on June 19 in Switzerland.
So far, dozens of ships have been redirected or disabled, Central Command said on Sunday.
A ceasefire deal between the U.S. and Iran remains close, Trump said. Israeli strikes on Hezbollah targets in Lebanon shouldn’t have happened, he said.
The U.S. president wrote that once the deal is signed, the Strait of Hormuz will immediately be ‘open to all.’
Pakistan’s prime minister said the terms of a U.S.–Iran memorandum of understanding could be finalized within 24 hours and signed soon after.
The incident comes as U.S. and Iranian officials have signaled that a draft peace framework aimed at ending the conflict is nearing completion.
The senior U.S. official dismissed reports indicating Iran could receive as much as $12 billion in economic relief immediately upon signing the agreement.
The figure represents about half of the flow of oil that has been stuck in the Strait of Hormuz since the Iran war started, he said.
Iranian Foreign Minister Abbas Araghchi said that a deal has ‘never been closer.’
Iran rejected reports suggesting a deal had been concluded and said that Iranian authorities had not yet completed their review of the proposed text.
Oil cartel expects lower demand this year amid Middle East tensions.
