President Trump Says Strait of Hormuz Will Be “Fully Opened” by Friday
Trump said traffic will resume as demining teams clear mines and oil prices fall more than 4%, officials said.
- On Tuesday, President Donald Trump declared the Strait of Hormuz 'completely open' by Friday as the U.S. and Iran move toward formalizing a memorandum of understanding during a scheduled signing in Switzerland.
- The framework deal stipulates the release of $24 billion in frozen Iranian assets during a 60-day negotiation period to formalize a lasting peace agreement between the two nations.
- Brent crude prices dropped more than 4% to under $80 a barrel, while national average gas prices fell to $4.04 as ships began moving through the waterway.
- The Washington-based Institute for the Study of War reported on Monday that Tehran defines an 'open' strait as one remaining under Iranian management, conflicting with U.S. and global commercial interests.
- Uncertainty remains regarding demining efforts and agreement stability, as officials expect traffic to 'ramp up slowly over time' with normal transit returning within 30 days once mines are removed.
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47 Articles
President Trump Announces Iran Deal: ‘No Nuclear Weapon’ at G7
President Trump announces a signed deal with Iran at the G7 summit, declaring that “Iran will not have a nuclear weapon” and that the Strait of Hormuz will fully reopen. Here are the key moments from his bilateral remarks with French President Emmanuel Macron in Evian, France. In this clip: • “The main thing is that Iran will not have a nuclear weapon — they fully agreed to that.” • The deal is signed; the Strait of Hormuz is reopening toll-free…
FRANCE 24 Exclusive: what Strait of Hormuz locals think of the Iran-US deal
Since the US-Israel strikes on Iran began on February 28th the Strait of Hormuz has effectively been blocked - a key strategy by Iran that upended global oil supplies and pressured its opponents. But what has it meant for the seafarers stranded there? Or those who call its islands home? With plans for the key shipping channel to be fully reopened after Friday June 19, FRANCE 24's correspondent Reza Sayah headed out onto the water to talk with pe…
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