"President Donald Trump expressed optimism for a "swift end" to the Iranian conflict while Tehran evaluates a new American peace plan. During an Oval Office briefing, Trump said the two nations had held constructive talks the previous day, adding, "It's very possible that we'll make a deal.""
"The White House is finalizing a 14-point memorandum of understanding to halt hostilities and establish a framework for nuclear discussions. Officials noted the framework would mandate at least a 12-year halt on Iranian nuclear enrichment in exchange for the removal of U.S. sanctions and the release of frozen capital."
"This preliminary agreement, brokered by Steve Witkoff and Jared Kushner, would launch a month of intensive negotiations in either Geneva or Islamabad. While Secretary of State Marco Rubio highlighted the importance of a transparent diplomatic path, he noted that unified support within the Iranian government is not guaranteed."
Oil prices continue declining, with WTI crude down 2.53% to 92.67 and Brent crude down 2.77% to 98.46, following a significant 7% drop the previous day. The price retreat reflects renewed diplomatic negotiations between the US and Iran after the US administration halted military operations in the Strait of Hormuz. President Trump expressed optimism about achieving a swift resolution to the Iranian conflict, stating constructive talks occurred and a deal is possible. The White House is finalizing a 14-point memorandum requiring Iran to halt nuclear enrichment for 12 years in exchange for US sanctions removal and frozen capital release. Both nations would end shipping blockades in the Strait of Hormuz. Negotiations would occur in Geneva or Islamabad over one month, though success remains uncertain.
Read at London Business News | Londonlovesbusiness.com
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