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EGBusiness6 days ago

What to know about the US-Iran agreement

The US and Iran have announced an agreement aimed at ending hostilities, with details including the lifting of the US naval blockade on Iranian ports and the reopening of the Strait of Hormuz. The full text of the agreement has not yet been released, and a formal signing ceremony is scheduled for Friday in Switzerland. Differing interpretations exist regarding the terms of the deal, particularly concerning nuclear negotiations and the release of frozen funds. Additionally, Israel has not commented on the agreement, and Trump made remarks about Israeli Prime Minister Benjamin Netanyahu.

Traffic moves past the Iranian national flag displayed on a building at Enghelab square in Tehran on Sunday.

Stringer/AFP/Getty Images

The US and Iran on Sunday announced they have reached an agreement aimed at ending hostilities that will take effect on Friday.

The full text has not yet been released and a formal signing ceremony slated to take place in Switzerland on Friday.

Here’s what to know:

What’s on the agreement: US President Donald Trump said the US is lifting its naval blockade on Iranian ports, and that the Strait of Hormuz will reopen after the agreement is signed on Friday. He also said the agreement will ensure that the Strait of Hormuz is “permanently toll free.”

Diverging views: The US and Iran have conflicting messages on what comes next after the agreement is signed. Iran’s deputy foreign minister said 60-day nuclear negotiations will begin only once the US releases billions in frozen funds . A US official rejected Iran’s assertions.

Lebanon conflict: Israel has yet to comment on the agreement. Trump criticized Prime Minister Benjamin Netanyahu, calling him “a very difficult guy. ” Israeli forces launched airstrikes in Beirut earlier on Sunday, before news of the agreement.

Announcement timing: Trump unveiled the Iran agreement on his 80th birthday in the US, just hours before hosting a White House UFC event celebrating the country’s upcoming 250th anniversary. A US official said that Tehran did not want the announcement to be made before midnight in Iran, which would have fallen on Trump’s birthday.

Global reactions: Leaders of other nations, including mediators Pakistan and Qatar, have welcomed the US-Iran agreement. Read what they have said here .

Market movements: Brent crude and US crude prices fell on Sunday after the agreement was announced. In Asia, markets were up on Monday. Both oil prices and global equities have been volatile on news of negotiations.

CNN’s Alejandra Jaramillo, Kevin Liptak, Dalia Abdelwahab, Auzinea Bacon, Stephanie Yang and Mohammed Tawfeeq contributed reporting.

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Source document: US President Donald Trump

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Egypt IndependentIndependentCenter6 days ago
What to know about the US-Iran agreement

The US and Iran have announced an agreement aimed at ending hostilities, with details including the lifting of the US naval blockade on Iranian ports and the reopening of the Strait of Hormuz. The full text of the agreement has not yet been released, and a formal signing ceremony is scheduled for Friday in Switzerland. Differing interpretations exist regarding the terms of the deal, particularly concerning nuclear negotiations and the release of frozen funds. Additionally, Israel has not commented on the agreement, and Trump made remarks about Israeli Prime Minister Benjamin Netanyahu.

Bias read (Center): The article presents factual information without overtly biased language or selective sourcing. It reports on both US and Iranian perspectives without favoring one over the other, maintaining a balanced tone throughout.

Official sources cited

  • government US President Donald Trump
  • government Iran's deputy foreign minister

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The official sources this coverage is built on. Read them directly to bypass framing.

  • governmentUS President Donald Trump
  • governmentIran's deputy foreign minister