President Donald Trump has reiterated the importance of opening the Strait of Hormuz and resuming oil transport ahead of a peace agreement with Iran.
On June 15, Trump stated on his social media platform Truth Social, "This great agreement will bring peace and security to the entire region." He added, "Many presidents have tried to achieve peace with Iran, but all have failed. Regional leaders have found a president who can help them achieve true peace for the first time."
Trump announced that the Strait of Hormuz would be opened following the signing of the agreement on June 19. He explained that the opening of the strait is a measure to remove mines, which would allow the flow of oil to resume in both directions for the region and the world.
Previously, Trump had declared that an agreement with Iran had been finalized, which includes the immediate lifting of the U.S. maritime blockade against Iran and the toll-free opening of the Strait of Hormuz.
The core of this agreement focuses on halting military clashes between the U.S. and Iran and normalizing activities in the Strait of Hormuz, a critical route for global oil transport. Restrictions on navigation and maritime blockades have been sources of instability in international oil prices and shipping markets.
Iran has also confirmed its intention to sign a memorandum of understanding (MOU) with the U.S. The Iranian side stated, "The implementation of the agreement will begin on the official signing date of June 19."
However, key issues such as the nuclear program and sanctions relief have not been resolved by this MOU. Both sides plan to discuss these remaining issues in follow-up negotiations over the next 60 days after the signing.
* This article has been translated by AI.
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