Middle East crisis live: Tehran says it will charge ships in strait of Hormuz after 60 days; US-Iran presidents sign peace deal
Summary
The United States and Iran have signed a 14-point agreement to extend a ceasefire and end their war, reopening the Strait of Hormuz for free maritime traffic for 60 days. After this period, Iran plans to charge ships passing through the strait, while the U.S. will lift its naval blockade and sanctions on Iran, along with unfreezing Iranian assets and funding reconstruction.Key Facts
- The U.S.-Iran agreement extends a ceasefire by 60 days and includes talks for a final peace deal.
- The Strait of Hormuz will be open to ships without charges for 60 days; after that, Iran intends to charge fees for passage.
- The U.S. has agreed to lift its naval blockade on Iranian ports and suspend sanctions during the agreement period.
- Iran’s frozen assets will be unfrozen, and a $300 billion fund will support Iran’s post-war rebuilding.
- President Trump warned he would attack Iran if it violates the agreement but expressed a desire for Iran to honor it.
- Southeast Asian countries, which rely heavily on Middle Eastern oil, welcomed the agreement for bringing stability and lowering energy prices.
- Pakistani Prime Minister Shehbaz Sharif helped mediate the deal and announced its immediate effectiveness.
- Iranian negotiator Mohammad Bagher Ghalibaf said Iran achieved more through negotiation than military action.
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