Deal Struck Just 2 Hours before Trump’s Deadline; Mojtaba Emerges as Key Figure
Iran US ceasefire agreed at last minute, easing global tensions. Strait of Hormuz oil flow resumes as markets react positively to diplomatic breakthrough.
Last-Minute Iran-US Ceasefire Eases Global Tensions and Restores Confidence in Oil Markets
A dramatic threat. ‘Deadline’ shared. And a breakthrough at the last-minute deal.
The world breathed a good sigh of relief after the Iran-US ceasefire.
After more than a month of argument, a defiant Iran and the United States — the world’s most influential nation - agreed to a ceasefire just 90 minutes before Donald Trump’s goal, along with his warning of “wiping out an entire civilisation,” was expected to expire.
It was Iran’s new Supreme Leader, Mojtaba Khamenei, son of former leader Ali Khamenei. He was killed in an airstrike at the beginning of the war on February 28. According to Axios, it nudged his negotiators for the initial time since the argument began to move toward a deal.
Iran's foreign minister said that under the two-week ceasefire agreement, maritime traffic through the vital Strait of Hormuz would be allowed. It is through which a fifth of global oil and gas passes, and it would be assured.
Iranian Foreign Minister Abbas Araghchi shared on X - The transits "will be possible via coordination with Iran's Armed Forces and with due consideration of technical limitations".
On Tuesday, White House Press Secretary Karoline Leavitt admired the two-week ceasefire in the Iran war. It is a big "victory" for the US. She added, "The success of our military created maximum leverage, allowing President Trump and the team to engage in tough negotiations that have now created an opening for a diplomatic breakthrough and long-term peace".
The euphoria sent equities rocketing on hopes that the emergency that has shocked the worldwide financial system for more than a month will come to an end.
