Trump, Iran president sign war-ending accord; Hormuz to reopen
Translated from English, summarized and contextualized by DistantNews.
At a glance
- US President Donald Trump and Iranian counterpart Masoud Pezeshkian signed an accord to end the Middle East war.
- The deal includes the reopening of the Strait of Hormuz, but a two-month negotiation period follows for implementation.
- Oil prices dropped significantly following the announcement of the agreement.
An accord to end the Middle East war has been signed by US President Donald Trump and Iranian President Masoud Pezeshkian, with a two-month negotiation period now commencing to implement the deal.
These fools, who think I haven't been tough enough on Iran, when the Stock Market Just Hit A RECORD HIGH, and Oil prices are 'tumbling' down, are either jealous, bad people, or stupid.
The agreement, signed at the Palace of Versailles, includes the reopening of the Strait of Hormuz, a critical chokepoint for global oil supplies. The deal aims to de-escalate tensions that led to weeks of all-out war and restricted shipping, causing a spike in energy prices.
President Trump reacted strongly to critics, posting on social media that those accusing him of making concessions were "fools." He highlighted the stock market's record high and tumbling oil prices as evidence of his successful approach.
now it is time to test the implementation of the agreement
Iranian foreign ministry spokesman Esmaeil Baqaei confirmed Pezeshkian's signature, stating it was now time to "test the implementation of the agreement." Crude oil prices fell more than three percent on Thursday, extending losses from earlier in the week.
shall enter into force with immediate effect and Iran "will instantly reopen the Strait of Hormuz".
Pakistani Prime Minister Shehbaz Sharif, who helped mediate the agreement, confirmed it would take effect immediately, with Iran instantly reopening the Strait of Hormuz. He also indicated that an official ceremony would take place in Switzerland on Friday, followed by technical talks. The deal allows for 60 days to conclude agreements on Iran's nuclear program, ballistic missiles, and regional activities.
which allows for peace, the reopening of the Strait of Hormuz without tolls, and 60 days to conclude an agreement on nuclear, ballistic, and regional activities.
Originally published by Daily Star in English. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.