“The Deal with the Islamic Republic of Iran is now complete….I hereby fully authorise the toll free opening of the Strait of Hormuz, and, simultaneously herewith, authorise the immediate removal of the United States Naval blockade. Ships of the World, start your engines. Let the oil flow!” Trump wrote.
A deal with Iran will be signed this Friday, President Donald Trump said after Pakistani PM Shehbaz Sharif announced that a “permanent termination of military operations on all fronts” had been agreed upon.
Iran’s deputy FM for legal and international affairs said an “immediate and permanent end to the war and military operations on various fronts, including Lebanon”, would be announced soon.
Meanwhile, Iran’s deputy foreign minister for legal and international affairs told a domestic news agency that an “immediate and permanent end to the war and military operations on various fronts, including Lebanon”, would be announced beginning Monday.
Talks for a final agreement would take place during a 60-day period, contingent on Iran verifying that the United States had fulfilled its commitments, he added. The commitments include ending hostilities, lifting the naval blockade and releasing frozen Iranian assets.
US Vice President Vance told a news channel that the newly announced ceasefire could usher in a ‘new era’ for the Middle East.
Another semi-official Iranian news agency reported that the final decision on a US-Iran memorandum of understanding is under discussion in Iran and the draft agreement comprises 14 points, including a permanent and immediate cessation of hostilities on all fronts, including Lebanon; the complete lifting of the naval blockade within 30 days; a US commitment to withdraw its forces from around Iran; and the reopening of the Strait of Hormuz.
The draft also mentions the suspension of sanctions on oil sales, reaching a final nuclear deal within 60 days of signing the agreement and the release of $24 billion in frozen Iranian assets during the 60-day negotiation period.
Final negotiations would not begin until half of Iran’s frozen assets had been released and restrictions affecting the Strait of Hormuz had been lifted, the news agency reported.
Fibre2Fashion News Desk (DS)
