WASHINGTON – President Donald Trump announced that a historic US Iran peace deal will close the war this Sunday. Specifically, the President shared the news on social media following weeks of intense global pressure. He stated that the vital Strait of Hormuz will reopen to all ships right after the signing. As a result, global trade firms can soon move oil safely through the gulf again. But Iranian chiefs quickly pushed back on this fast Sunday timeline.
Leaders Disagree on US Iran peace deal Timeline
The big drop in tension follows months of hard talks in neutral states. For instance, Pakistan’s Prime Minister Shehbaz Sharif backed Trump’s upbeat view. Sharif noted that his team prepared for a fast digital signing within 24 hours. Therefore, he expects technical talks to start next week. He thanked both nations for working hard to stop the four-month war through this US Iran peace deal.
However, officials in Tehran moved fast to dispute the exact date. Specifically, Iranian Foreign Ministry spokesperson Esmaeil Baghaei urged caution. He stated that a Sunday signing will not happen yet. But he did note that a final deal could take place in the coming days. So, while both sides want peace, they still argue over the clock.
Key Terms of the US Iran peace deal
The draft terms of the US Iran peace deal bring big changes to the region. For example, the US will lift its naval blockade on Iranian ports. The White House will also release billions in frozen cash. In return, Iran must open up the main shipping channels. Also, the two sides will start 60 days of talks to dismantle Iran’s nuclear material.
Meanwhile, some close allies oppose the current draft text of the US Iran peace deal. For instance, Israeli Prime Minister Benjamin Netanyahu said his nation will not join the pact. Israel vows to keep full freedom to act against any threats. Additionally, some US politicians fear the terms give too much away to Tehran. Ultimately, the entire world watches the Gulf to see if this US Iran peace deal will hold.
Global Impact of the US Iran peace deal
The news of the pact immediately helped global energy markets. For example, the price of crude oil dropped by two percent on Friday morning. Traders hope that the end of the sea war will lower fuel costs for everyone. Because of this hope, stock markets in Asia and Europe closed higher today.
Finally, peace groups praised the fast progress. They believe that a stable deal will prevent a much larger war in the Middle East. If the signing goes well on Sunday, it will mark the biggest diplomatic win of the year. The world now waits for the final signatures.
