US President Trump posts "Iran has agreed to never close the Strait of Hormuz again. It will no longer be used as a weapon against the World! President DONALD J. TRUMP"
President Trump's statement regarding Iran's commitment to keep the Strait of Hormuz open could ease concerns about potential disruptions in global oil supply, which would be favorable for energy markets and risk sentiment.
The US and Iran have made progress in the negotiations over a three-page memorandum of understanding to end the war, U.S. officials and sources with knowledge say, Axios' Ravid reports
Iran set three conditions for the movement of vessels in the Strait of Hormuz, Fars news Reports, citing sources; Stressed if US naval blockade continues, it will be considered a violation and Strait of Hormuz will be closed
US President Trump posts "Iran has agreed to never close the Strait of Hormuz again. It will no longer be used as a weapon against the World! President DONALD J. TRUMP"
US President Trump posts "A GREAT AND BRILLIANT DAY FOR THE WORLD! DJT"
US President Trump posts "Thank you to Pakistan and its Great Prime Minister and Field Marshall, two fantastic people!!! President DONALD J. TRUMP"
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This development may alleviate some geopolitical risk premium in oil prices and strengthen the USD against commodity currencies, while also impacting broader equity markets positively if stability is perceived.
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