Brent crude dropped over 7% intraday! Reports say Iran will open the Strait of Hormuz 30 days after reaching an agreement with the US.
```
According to the Nikkei News, the United States and Iran are discussing a plan to open the Strait of Hormuz approximately 30 days after both sides reach an agreement to cease hostilities.
Under this plan, Iran will clear mines from the strait within 30 days of reaching the agreement. After that, ships from all countries will be able to travel freely and safely through the strait as they did before its de facto closure. Iran will not charge passage fees.
Brent July crude oil futures closed down $7.40, a drop of more than 7.14%, at $96.14 per barrel.
The ceasefire agreed upon by the U.S. and Iran in early April will be extended by 60 days. During these two months of ceasefire, negotiations regarding Iran’s nuclear program will be held, and concrete measures for handling Iran's enriched uranium will be formulated.
The lifting of U.S. sanctions and the unfreezing of Iranian assets will be carried out in phases.
Following the above reports by Japanese media, Middle Eastern media reported on Monday that Qatar’s mediation has resulted in a mutual understanding between the U.S. and Iran regarding Iran’s frozen financial assets. Since consensus has been reached on this issue, which is crucial for Iran, it is very likely that the U.S. and Iran will announce the reaching of an agreement on Tuesday local time.
The cessation of hostilities covers regions including Lebanon. Iran demands that Israel stop its attacks on Hezbollah as a condition for ending the conflict. Meanwhile, Israel demands that Hezbollah be disarmed.
It is said that approval from Iran's Supreme Leader Ayatollah Mojtaba Khamenei is key to this proposed agreement. Whether a final agreement can be reached remains uncertain.
According to Xinhua, on Monday the 25th, Trump posted on social media that negotiations with Iran are progressing well, emphasizing that with Iran, “either a great and meaningful agreement will be reached, or there will be no agreement.” He made it clear that he will not sign any agreement that would pave the way for Iran to obtain nuclear weapons.
According to the Chinese Ministry of Foreign Affairs, Foreign Minister Wang Yi met with General Munir, Commander of Pakistan’s Defense Forces and Army Chief of Staff, in Beijing on Monday. Munir introduced the latest updates on mediating the U.S.-Iran conflict, stating that an agreement is close to being reached.
On Monday, Iranian Foreign Ministry spokesperson Esmail Baghaei stated that conclusions have been reached in many areas, but the country is still far from signing an agreement.
On Sunday, U.S. President Trump wrote on social media that he had instructed his representatives “not to rush into an agreement.”
Risk warning and disclaimerThe market involves risks, and investment must be made cautiously. This article does not constitute individual investment advice, nor does it take into account the special investment goals, financial situation, or needs of individual users. Users should consider whether any opinions, viewpoints, or conclusions in this article suit their specific circumstances. Investment based on this is at your own risk. ```