Trump announces Iran peace deal, signing may occur in Europe
BAHRAIN: A damaged building and vehicle are seen in the aftermath of Iranian drone attacks.—Reuters • Announcement comes after US calls off Iran attacks • Oil drops after Washington backs down • IRGC strikes Bahrain, Jordan, Kuwait after US bombs targets across Iran • Tehran says American attacks have rendered ceasefire ‘practically’ meaningless • Saudis call for Pakistan, Qatar-led efforts for renewed talks • Iran ‘completely’ closes Hormuz WASHINGTON / TEHRAN: US President
President Donald Trump announced that the United States and Iran are nearing a "great settlement" to end their three-month conflict. Trump indicated a peace deal could be signed as early as this weekend in Europe, potentially reopening shipping lanes through the Strait of Hormuz. This development follows the cancellation of planned U.S. military strikes against Iran, with Trump citing high-level approval of discussions. While Iran's state media suggested the agreement is likely, the foreign ministry stated that no final decisions have been made.
This potential agreement is significant as it could de-escalate a major international conflict, stabilize global energy prices, and restore vital shipping routes.
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