US-Iran War News Live Updates: Just hours after signing a peace agreement with Iran, US President Donald Trump said Iran should be allowed to retain some ballistic missiles, arguing that several countries in the region, including Saudi Arabia and Qatar, possess similar weapons. Speaking in France, Trump suggested that ballistic missiles were not the main concern in the ongoing negotiations, stressing that nuclear weapons remained the bigger issue.
Iran insists missiles and uranium stockpile are off limits: Iran, however, noted that it is hesitant to compromise on security issues. According to Al Jazeera, citing Iranian media, Foreign Ministry spokesman Esmaeil Baghaei said Tehran would closely monitor whether the US fulfils its commitments under the agreement. He warned that Iran would not honour its obligations if the US failed to do the same. Baghaei stated that Iran’s ballistic missile programme is non-negotiable and rejected any suggestion that the country would export its stockpile of highly enriched uranium. He also specified that Tehran could consider charging ships for services in the Strait of Hormuz in the future, a stance that appears at odds with earlier US assurances that the waterway would remain open to international shipping.
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Agreement opens 60-day negotiation: In a virtual agreement signing ceremony, Donald Trump and Iranian President Masoud Pezeshkian approved a 14-point memorandum designed to ease tensions between US and Iran. The agreement reopens the Strait of Hormuz and launches a 60-day negotiatimg window aimed at securing a permanent settlement, according to CNN reports. Under the agreement, Iran has agreed to dilute its stockpile of highly enriched uranium, while the US will begin lifting selected sanctions, allowing Tehran to resume oil exports. The deal will also be bringing an end to hostilities, reopens the Strait of Hormuz and revive diplomatic engagement between the two countries.
Oil markets response: The reopening of the Strait of Hormuz, through which a share of the world’s oil and gas supplies passes, helped ease fears of disruption in energy markets. Oil prices fell in early trading, with both Brent crude and US West Texas Intermediate declining by more than 1% following the agreement, Al Jazeera reported.
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