WASHINGTON: US President Donald Trump has said that a memorandum of understanding with Iran has been signed, adding that the Strait of Hormuz has already been partially reopened and is expected to be fully opened to maritime traffic by Friday.
Speaking after a meeting with French President Emmanuel Macron, Trump said the agreement includes assurances that Iran will not develop nuclear weapons and expressed optimism about the future of US–Iran relations.
He said the initial impact of the agreement was already visible in global markets, pointing to a decline in oil prices and gains in stock markets, which he described as encouraging signs for the global economy.
“The positive effects are already beginning to show,” Trump said, linking the development to improved market sentiment.
Trump also referred to wider geopolitical discussions, saying he had recently held constructive conversations with Russian President Vladimir Putin and Ukrainian President Volodymyr Zelensky regarding the ongoing war in Ukraine.
According to Trump, both leaders appeared committed to pursuing peace, though he said further progress would depend on upcoming diplomatic efforts.
The announcement comes amid heightened international attention on energy routes and global trade stability, particularly through the Strait of Hormuz, one of the world’s most critical shipping lanes.
