New York Times: Iran’s foreign minister said that new negotiations with the United States would start immediately after their preliminary deal is signed. President Trump reiterated that the initial pact ensures Iran will not obtain a nuclear weapon…
US and Iran Prepare for Deal Signing With Both Claiming Victory
The US and Iran are preparing to formally sign their interim peace deal in Switzerland, with both sides claiming victory.
The memorandum of understanding is a 14-point document that should lead to a two-month ceasefire extension and the start of negotiations over Iran’s nuclear program.
US President Donald Trump said the agreement is a “done deal,” but added that the US would not invest money in Iran or pay reparations for the war…
High Gas Costs May Linger After U.S.-Iran Deal
The preliminary agreement may not have an immediate effect on prices at the pump. Damaged infrastructure and risky transport could keep costs up…
The (Mostly) Unanswered Questions at the Heart of a U.S.-Iran Accord
The short-term truce hasn’t been made public, and the long-term peace deal it is supposed to yield doesn’t exist yet, so there is much still unknown about any agreement between the adversaries…
Tapper presses VP Vance on specifics of Iran agreement as text remains undisclosed
Trump insists U.S. will not invest money in Iran as part of peace deal
Others in the president’s circles, including Vice President JD Vance, have suggested Tehran could gain access to a major regional investment fund if it upholds its side of the peace accord.
…“We are not investing any money in Iran, by the way,” Trump told reporters at the Group of Seven summit in France, as he dismissed news reports about potential U.S. investment in the country as “ridiculous.”
Trump administration considers $300bn fund for Iran if deal is upheld
A senior US official said Washington had discussed the possibility of sanctions relief and “a big $300bn fund to rebuild their country”. The incentives would be connected to Iran’s “performance” adhering to the memorandum of understanding that is to be formally signed in Switzerland on Friday…
Netanyahu Pays a Political Price for Trump’s Iran Deal
Benjamin Netanyahu’s relationship with Donald Trump has become a liability due to the US president’s deal with Iran, which much of Israel opposes.
Netanyahu’s support has slipped in opinion polls as the war with Iran has dragged on with Israel achieving few of its strategic aims.
The deal with Iran has caused tension between Trump and Netanyahu, with Trump expressing frustration with Netanyahu’s handling of the situation with Lebanon and Hezbollah…
Trump’s agreement with Iran is the moment Netanyahu has been dreading
The emerging accord is the scenario Israeli officials have spent weeks dreading: It could reopen the Strait of Hormuz and lead to the easing of economic sanctions on Tehran while delaying talks on the issues that were Israel’s declared war goals. The memorandum of understanding leaves for later discussion the thorny topics of Iran’s nuclear program and its ballistic missile arsenal, even as it offers economic respite to the regime Netanyahu wanted to topple…
‘Trump has surrendered to Iran’: Some prominent GOP hawks fear Trump just caved
The Race to Land an Iran Deal Loomed Large Behind Trump’s UFC Birthday
A senior administration official said Iran knows the U.S. is unwilling to return to war, raising the possibility that Tehran could close the Strait again for its own diplomatic leverage. Short of getting concrete commitments to limit or end its nuclear work, the official said the emerging agreement is likely to be less restrictive than the 2015 deal brokered by former President Barack Obama…
US-Iran deal must be ‘material’ for Strait of Hormuz to reopen, tanker giant warns
Shipowners will not resume transit through the Strait of Hormuz for weeks until they are confident that the US-Iran deal is “material”, the head of the world’s biggest tanker operator has warned…
The Iran War Permanently Altered the Global Economy
The global order has been altered, and economies are unlikely to simply pick up where they left off before the U.S. and Israel began bombing Iran…
Ukraine and Middle East Are Focus as Group of 7 Leaders Meet
After the U.S. reached a preliminary deal with Iran, the mood seemed lighter than had been expected. President Volodymyr Zelensky of Ukraine was hoping to shift leaders’ attention to the war with Russia…
Iran Will Enter Nuclear Talks Feeling Emboldened
Despite military setbacks during the war, Tehran is presenting a narrative of victory before negotiations with Washington…
Europe Stayed Out of the U.S.-Iran War. Now It’s ‘Ready to Act.’
European nations are poised to send ships into the Strait of Hormuz to protect shipping — but not until they are convinced that the new cease-fire between the United States and Iran is working.
Italian minesweepers are stationed off the coast of Djibouti in East Africa. A German minesweeper and a logistical support ship are in the eastern Mediterranean. France’s nuclear-powered aircraft carrier is a two- or three-day sail from the strait. Britain has sent a destroyer, the Dragon, to the region, to be ready to help secure the strait once shipping resumes…
Naval Mines Might Still Stymie Gulf Shipping After War
The U.S. Navy will be deploying a new generation of drone-based countermeasures to search the sea floor and surface for any mines Iran laid…
What it will take to restore global energy flow — and bring down gas prices
Experts say it could take as much as a year to restore balance to global oil markets.
…as many as a billion barrels of oil are simply missing.
Restoring a ruptured supply chain is an immense logistical challenge. It’s not as simple as flipping a switch. Production facilities throughout the Persian Gulf were damaged in airstrikes and drone attacks. Some were destroyed.