Trump Just Made a Major Statement: U.S.-Iran Agreement "Has Been Fully Signed"! Relevant Details May Be Disclosed Soon
According to a recent report by Reuters UK on Tuesday (June 16), U.S. President Donald Trump stated on Monday that a preliminary agreement aimed at ending the Gulf region war has been signed by the United States and Iran. However, the relevant details have not yet been disclosed, and both countries have indicated that further negotiations are needed to reach a permanent ceasefire.
The agreement will extend the fragile ceasefire announced in April by 60 days and reopen the Strait of Hormuz. Previously, following a U.S. and Israeli strike on Iran in February, Iran had effectively blocked this maritime passage.
Negotiators will address challenging issues such as the Middle East nuclear program in the next phase.
After arriving in France to attend the G7 summit, Trump said: "The agreement has been fully signed."
Trump noted that Vice President JD Vance will attend the formal signing ceremony in Geneva on Friday.
As a result of the news, oil prices fell to their lowest level since March 10. Previously, after the Strait of Hormuz was blocked, this narrow waterway connecting Iran and Oman temporarily cut off one-fifth of the world’s oil trade.
This agreement is viewed as the most significant step to date in easing the conflict, which has resulted in at least 7,000 deaths, mainly in Iran and Lebanon, and severely disrupted the global energy market.
However, many details of the agreement remain unclear, and it is not yet known whether its terms differ from the April ceasefire agreement.
Iranian President Masoud Pezeshkian stated on social media that this U.S.-Iran memorandum of understanding is "an important step towards ending the conflict," but added that a final agreement for a lasting ceasefire "has not yet taken shape."
U.S. officials said the relevant details will be disclosed within two days
In an interview with CNNInterview, Vance said the signed memorandum is only about a page and a half, "so it is a very general document."
U.S. officials said the relevant details will be announced in the next two days. Vance stated that the document includes "a rather robust package of sanctions relief for Iran."
U.S. and Iranian officials said the agreement could ultimately provide Iran with substantial economic benefits through lifting sanctions, unfreezing overseas assets, and establishing a $300 billion reconstruction fund funded by neighboring Gulf countries, which also host U.S. military bases.
In an anonymous interview, U.S. officials stated that Iran must meet U.S. demands, including pledging never to develop nuclear weapons and cutting off support for armed groups such as Hezbollah in Lebanon, in order to receive the aforementioned economic benefits.
In a 2015 agreement with the United States and other countries, Iran agreed to significantly limit its nuclear program. Trump withdrew from the agreement during his first term as president. The agreement had previously allowed Iran to unfreeze billions of dollars in assets, which Trump frequently criticized as the equivalent of delivering "pallets of cash" to Iran.
However, the objectives Trump declared when he launched strikes on Iran with Israel on February 28 appear to have made little progress. Iran's theocratic government remains in power, and his demands for Iran to dismantle its ballistic missile program and cease supporting regional militant groups such as Hezbollah have not been met.
This new agreement also does not address the fate of Iran's stockpile of enriched uranium, while Trump has stated he wants those stockpiles destroyed or removed.
Iranian officials have consistently denied any intention to develop nuclear weapons, and state that merely agreeing to resume diplomatic negotiations on the nuclear program with the Trump team—talks which were halted after Trump’s decision to launch a war in February—was already a concession.
Although the latest agreement lifts Iran’s control over the Strait of Hormuz, this merely restores the prewar status quo. Shipping companies say that traffic will only resume once security is assured.
Iran stated it will maintain joint control of the strait with Oman. The United States said the strait will be freely open to passage for 60 days and hopes to see this included in the final agreement.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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