US President Trump announced a peace deal with Iran, stating the Strait of Hormuz will be fully open from Friday. This agreement aims to prevent Iran from developing nuclear weapons and could affect global oil trade and regional stability.
US President Donald Trump has announced a peace deal with Iran. He stated that the important Strait of Hormuz will be completely open for ships starting this Friday.
This agreement aims to ensure Iran does not develop nuclear weapons. However, world leaders at the G7 summit are working to resolve some remaining disagreements.
These issues include concerns about Israel's actions in Lebanon and Iran's claims to charge fees for ships using the Strait. President Trump insists the waterway will be "toll-free."
The deal is expected to be formally signed in Geneva this Friday. Discussions will continue on lifting sanctions and unfreezing Iranian funds, tied to Iran meeting its commitments.
German leaders believe the deal could help the world economy, but emphasize the need for peace in Lebanon. Israel's Prime Minister Benjamin Netanyahu said his country has its own interests and will act to prevent Iran from getting nuclear weapons.
