Tehran:US President Donald Trump and his Iranian counterpart Masoud Pezeshkian signed on Wednesday (local time) the to end the conflict in the Middle East that has severely disrupted global supply chains.
The two leaders signed the peace agreement digitally after days of intense negotiations and talks and, according to Trump, the peace was “not easy” to reach.
The 80-year-old Republican leader could be heard in a video that has gone viral on social media, saying before signing the agreement: “This was not easy.
Later, Trump also displayed the deal and the video was shared on X (formerly Twitter) by French President Emmanuel Macron who welcomed the deal and called it a “important step” to pave the way for peace in the Middle East and allowing the reopening of the Strait of Hormuz.
“It is an important step in the right direction for our compatriots that will allow a decrease in energy prices soon,” Macron wrote on X.
Iran welcomes deal, calls it a US failurePezeshkian who brokered the deal for Iran. The Middle East nation has welcomed the deal but called it a US failure. Iran’s chief negotiator Mohammad Bagher Ghalibaf said Iran will impose the 60-day fee-free period for ships passing through the Strait of Hormuz, as stipulated in the peace agreement, reiterating Iran’s standpoint.
The deal is a record of US failure. “People will see it and judge,” AFP quoted Iran’s Parliament Speaker Ghalibaf as saying. "The Strait of Hormuz will not return to pre-war conditions... Iran has sovereignty over the Strait of Hormuz and of course we will get a fee for services.
No nukes, open Hormuz and a fundThe agreement opens with a pledge by all sides to cease military activity throughout the region, including Lebanon. It also lays out steps to restore maritime trade and navigation, with Washington agreeing to lift its naval restrictions and Tehran reopening the Strait of Hormuz. Iran and Oman are also expected to talk about the future management and maritime services of the strategic waterway.
The framework also includes a US-backed $300 billion economic package to help with Iran's reconstruction and long-term economic growth. On the nuclear front, Iran has repeated that it will not seek the development of nuclear weapons. The deal also requires Tehran to work with international inspectors to get rid of its stockpile of enriched nuclear material by diluting it on-site under the supervision of the International Atomic Energy Agency (IAEA).
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