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Trump news at a glance: Long way to Friday and Iran peace deal signing
The Guardian • • general
Key Points:
- News of a potential reopening of the Strait of Hormuz, a crucial passage for a fifth of the world’s oil and liquid gas, led to stock market gains and a drop in oil prices on Monday morning.
- Iran had previously closed the strait to most shipping amid conflict with the US and Israel, affecting global energy supplies.
- Iran’s supreme national security council announced that war and military operations on all fronts, including Lebanon, would end permanently starting Monday night.
- The exact terms of the peace deal remain unclear, and analysts suggest that the reopening primarily addresses a problem created by US policy under Donald Trump.
- Despite the announcement, doubts remain about the deal’s implementation, with a planned signing ceremony in Geneva still pending and uncertainties about the agreement’s details.
