WASHINGTON: US President Donald Trump has said that a recently reached understanding with Iran will serve as a “strong barrier” against nuclear weapons development, reiterating that Tehran will not be allowed to acquire nuclear capabilities.
At a press conference held after the G7 leaders summit meeting, Trump explained that the deal was meant to avoid the proliferation of nuclear weapon programs and reduce regional tensions. He clarified that diplomatic initiatives for this purpose were continuing in order to bring lasting stability in the region.
Moreover, President Trump underscored the strategic significance of the Strait of Hormuz by warning that closing down the strait would cause a massive economic crisis like the 1929 Great Depression owing to its crucial role in energy transportation.
According to President Trump, certain diplomatic activities connected to the Iran deal have facilitated the passage through the Strait of Hormuz, thereby stabilizing world markets.
Thus, President Trump explained that the recent diplomatic efforts have helped ensure smooth energy flows around the world.
In addition, he stated that global crude oil prices have been showing a declining trend recently, which might help ease the burden on consumers and ensure economic stability in many countries.
President Trump once again stressed that ensuring Iran did not develop nuclear weapons was a primary concern for his government along with the stabilization of energy corridors around the globe.
The Strait of Hormuz is regarded as one of the most vital maritime energy conduits in the world, and thus it continues to be carefully watched by international financial markets.
Trump Says Iran Memorandum Not Final, Warns of Tough Action if Talks Fail
Earlier, Donald Trump has said that a memorandum of understanding with Iran is not a final agreement, warning that military action could be reconsidered if a final deal does not meet his approval.
Speaking on the sidelines of the G7 Summit, where he met Egyptian President Abdel Fattah el-Sisi, Trump said that discussions with Iran were showing positive economic and geopolitical effects.
He stated that stock markets had risen and oil prices had declined following progress in negotiations, adding that global economic pressure would have increased significantly without a deal.
However, Trump emphasized that the current memorandum with Iran should not be considered final and insisted that no U.S. investments would take place in Iran under the arrangement.
“If I don’t like the final agreement, we could go back to bombing,” Trump said, signalling a hardline stance on future negotiations.
Further, he stated that Iran should never be allowed to possess any nuclear weapon and added that he will discuss the deal at an upcoming press conference.
According to sources, Egyptian President Abdel Fattah el-Sisi congratulated President Donald Trump on the peace initiative in his meeting with him and looked forward to a completed deal.
These statements are made against the backdrop of diplomatic relations with Iran, and the world is closely following the developments.
