Pakistan’s prime minister says Iran, US have reached peace deal; accord to cover Lebanon
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ISLAMABAD (AP) — The United States and Iran reached an initial agreement early Monday to open the Strait of Hormuz and further extend a shaky ceasefire in the Iran war , potentially allowing desperately needed oil and natural gas to reach the global market.
Key facts
ISLAMABAD (AP) — The United States and Iran reached an initial agreement early Monday to open the Strait of Hormuz and further extend a shaky ceasefire in the Iran war , potentially allowing desperately needed oil and natural gas to reach
Details of the deal were not immediately released and Iran signaled implementation would not start until the signing, which key mediator Pakistan said would occur Friday in Switzerland
That took years to resolve in Tehran’s 2015 nuclear deal with world powers
Benchmark Brent crude oil fell more than $3 a barrel on the news as Asian stock markets rallied.
Pakistan, a key mediator, announces deal
7, 2023, attack on Israel , agreed to that term.
Summary
Details of the deal were not immediately released and Iran signaled implementation would not start until the signing, which key mediator Pakistan said would occur Friday in Switzerland. It could provide a way to end a war that killed thousands across the Middle East, including the top leaders of Iran’s theocracy, and sparked a historic energy crisis .
But the memorandum of understanding over the war already faced intense challenges. Israel’s continued hostilities with the Iranian-backed militia Hezbollah in Lebanon, where Israel bombed Beirut’s southern suburbs Sunday, nearly derailed the negotiations.