World ships, start your engines, says Trump. It won't be that easy

The United States and Iran are on the cusp of signing a peace memorandum in Geneva, a development that has sparked jubilation in the US and boosted stock markets. The White House, Pakistani negotiators, and the Iranian government have all confirmed the impending agreement.

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World ships, start your engines.

However, the path to normalizing maritime traffic through the Strait of Hormuz, a critical global trade route, is fraught with uncertainty. Shipping companies remain wary after incidents like the boarding of three container ships by Iranian forces in April. A full return to the vital waterway could take months, leaving businesses in a state of anxious anticipation.

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We are ready to lift the relevant sanctions in response to clear, verifiable steps by Iran on its nuclear program.

Details of the deal, as revealed by Tehran, indicate significant concessions from Washington. The US will unfreeze $24 billion in Iranian assets, with half to be released before the deal's signing. Crucially, oil sanctions will be lifted, and no new ones will be imposed. The US also pledges not to increase forces in the Middle East and, along with allies, will propose an economic recovery plan for Iran worth at least $300 billion.

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Immediate and permanent cessation of war and military operations on various fronts, including Lebanon, will be announced today. From this evening, the end of the US naval blockade against Iran begins.

In return, Iran commits to adhering to the nuclear non-proliferation treaty and will not develop nuclear weapons. Its missile program, however, has been excluded from the negotiations. The agreement is seen as a diplomatic achievement, with President Trump acknowledging the roles of Russian President Vladimir Putin and Chinese President Xi Jinping in facilitating the resolution.

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Congratulations to all! I fully authorize the duty-free opening of the Strait of Hormuz and simultaneously authorize the immediate lifting of the naval blockade of the United States. World ships, start your engines. Let the oil flow!