WRAPUP 1-First Tankers Cross Strait After Iran Deal; Israeli Strikes Stir Doubt in Lebanon
Three Saudi-flagged supertankers carried 6 million barrels through the strait as the deal lifted oil sanctions and set a 60-day talks window.
- On Thursday, three Saudi-flagged supertankers carrying 6 million barrels of crude sailed through the Strait of Hormuz, hours after President Donald Trump signed a memorandum of understanding with Iran to end the war.
- Signed Wednesday near Paris, the memorandum initiates a 60-day negotiation period and explicitly calls for the "permanent termination" of the war in Lebanon and ensuring its "territorial integrity and sovereignty."
- Despite the accord, Israel continued air strikes in southern Lebanon on Thursday, maintaining its push to keep troops in a buffer zone south of the Litani River while excluded from negotiations.
- President Trump defended the deal Thursday, calling critics "fools" on social media, as fellow Republicans on Capitol Hill questioned concessions in the agreement signed alongside Iranian President Masoud Pezeshkian.
- Benchmark Brent crude prices fell 2 per cent to below $78 a barrel, while the agreement promises a $300 billion reconstruction fund once a final nuclear deal is reached.
24 Articles
24 Articles
Ada Derana
Insurance JournalFirst tankers cross strait under Iran deal; Israeli strikes raise doubt in Lebanon
Montana Standard
Some Republicans blast Iran deal; Israeli strikes raise doubt in Lebanon
U.S. President Donald Trump's interim deal to end the Iran war met public criticism from some of his fellow Republicans as copies of the signed agreement circulated on Capitol Hill on Thursday.
Traffic flows through Hormuz as U.S.-Iran deal takes effect, questions remain
Oil tankers sailed through the Strait of Hormuz and the United States said it lifted its blockade on Iran on Thursday as an interim deal to end the war took effect, though key issues are still unresolved between the two countries.
Oil flows through strait but Lebanon strikes raise peace doubts
Some 12.5 million barrels of crude oil have sailed through the Strait of Hormuz overnight, US Vice President JD Vance says, but in Lebanon, Israel launched fresh air strikes, raising doubts over peace in the region.
Times of India
The Economic TimesMixed signs of peace: 3 Saudi oil tankers cross Hormuz, Israel strikes Lebanon
Vice president JD Vance said he plans to travel to Switzerland for talks on the Iran deal but he doesn't know when that will happen. He had been expected to lead talks on implementing the agreement with Iran aimed at diluting its stockpile of highly enriched uranium and restarting oil traffic through the Strait of Hormuz.
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