US and Iran Announce Initial Deal to End War and Reopen Strait of Hormuz
The United States and Iran announced an initial framework agreement intended to end their war and reopen the Strait of Hormuz, according to NPR and U.S. officials. The deal drew mixed reactions in Iran and criticism in Israel, while financial markets responded with rising stocks and falling oil prices.
The United States and Iran announced an initial framework agreement intended to end their war and reopen the Strait of Hormuz, according to NPR and statements from U.S. officials.
Vice President JD Vance said the United States signed the agreement Sunday and that officials hope to release the text this week, according to The Hill. Vance said nuclear inspectors would return to Iran as part of the agreement, according to the Washington Examiner.
President Donald Trump announced the deal and said he would consider sending its details to Congress, according to CNBC. Trump later said he would send the agreement to Congress for approval, according to the Washington Examiner, and said he would read the text aloud to reporters, according to the New York Post.
The framework would reopen the Strait of Hormuz, according to MSNBC. HuffPost reported that searching the strait for mines could take weeks. The BBC reported that questions remained about how soon conditions would return to prior levels.
Trump said he "never cared" about Iranian regime change and described Iran's new leaders as "not radicalized," according to the New York Post. The Washington Post reported that Trump had demanded Iran change its government before agreeing to reopen Hormuz.
Reaction in Iran was mixed, according to NBC News, which reported both hopes and concerns about subsequent developments. Al Jazeera reported that Iranian hardliner and moderate factions held differing views of the agreement.
The agreement drew criticism in Israel. The Washington Post reported that some Israelis denounced the deal. The Daily Caller reported that Trump said he was "not happy" with Israel and referenced the Israel Defense Forces. The Washington Examiner reported divisions between Trump and Israeli Prime Minister Benjamin Netanyahu. Vance said Israelis would be "bought in" on the agreement at a later stage, according to Breitbart.
Financial markets responded following the announcement. The Associated Press reported that stock prices rose and oil prices fell after the tentative deal. The Telegraph reported that Wall Street reached a record high and that Goldman Sachs reduced its oil price forecasts. The New York Times reported that gas prices could remain elevated despite the agreement.
MSNBC reported that the agreement did not resolve outstanding issues. The New York Times reported that Iran could enter nuclear talks in a stronger position. National Review called for the release of the deal's text.
Trump was scheduled to attend the G7 meeting in France, according to The Hill.
Key Facts
- —Vice President JD Vance said the United States signed the agreement Sunday and that nuclear inspectors would return to Iran, according to The Hill and the Washington Examiner.
- —President Donald Trump said he would send the agreement to Congress for approval, according to the Washington Examiner.
- —The framework would reopen the Strait of Hormuz, according to MSNBC, though HuffPost reported mine-clearing could take weeks.
- —The Washington Post reported that Trump had demanded Iran change its government before agreeing to reopen Hormuz.
- —The Associated Press reported that stock prices rose and oil prices fell after the tentative deal.
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