U.S. and Iranian officials said they had agreed on a framework to end their war, halt the U.S. blockade of Iran and reopen the Strait of Hormuz, a preliminary pact that sent oil prices falling but leaves the fate of Iran's nuclear program to further negotiations.
Asia-Pacific markets surged after news of a U.S.-Iran deal to end the war involving Iran.
Japan’s Nikkei 225 rose more than 5%, South Korea’s Kospi gained 5.7%, Taiwan’s Taiex increased 2.7%, and Australia’s ASX200 added about 1.5%.
U.S. stock futures also moved higher, with S&P 500 and Nasdaq-linked contracts up around 1% and 1.6%, while Brent crude dropped more than 4% to about $83.70 per barrel.
Qatari mediators concluded their diplomatic mission in Iran’s capital and departed after helping secure a memorandum of understanding between the U.S. and Iran, according to a report Monday.
Reporting from Tehran, Al Jazeera said the Qatari delegation spent 17 hours in negotiations aimed at finalising the agreement before returning to Doha.
Citing a diplomatic source, Al Jazeera said preparatory meetings for the formal signing of the agreement, which is scheduled to take place in Switzerland on 19 June, will be held in the Qatari capital.
Trump told The New York Times that if Iran fails to finalise a nuclear deal with the U.S., military strikes could resume or Washington could seek a broader security role in the Middle East.
He said the agreement would keep the Strait of Hormuz permanently open and claimed it had prevented a nuclear threat to Israel despite opposition from Israeli Prime Minister Benjamin Netanyahu.
Japan's welcomes the U.S.-Iran deal toward ending hostilities and hopes for steady implementation of the agreement, including the actual reopening of the Strait of Hormuz for international vessels, Prime Minister Sanae Takaichi said.
In an X post, Takaichi said Japan "strongly hopes" that "free and safe navigation through the Strait of Hormuz will be ensured in practice, and that a final agreement on Iran's nuclear issue and other matters will be reached as soon as possible."
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The U.S. and Iran say they have reached a deal to end their conflict, with an immediate ceasefire and reopening of the Strait of Hormuz after the lifting of the U.S. naval blockade. Talks will continue over the next 60 days to finalise the agreement
A senior Iranian official told Reuters that a draft memorandum with the U.S. covers issues including Iran’s nuclear programme, reopening the Strait of Hormuz, and U.S. waivers on oil sanctions, with further negotiations expected within 60 days of an initial agreement.
Iran said no final decision has been made on a proposed agreement with Washington, despite suggestions from U.S. President Donald Trump that a deal could soon be signed in a European capital.
U.S. Donald Trump has said he has cancelled planned strikes on Iranian oil and gas ports announced earlier on Thursday. Trump said he made the decision after senior leadership in Iran agreed to peace talks.
Pakistan has warned that any attempt by India to block or significantly reduce river flows under the Indus Waters Treaty could have “far-reaching consequences”, after India's water minister said New Delhi was working to ensure that “not a single drop” of water reaches Pakistan in the coming years.
Armenia has every right to choose Europe. But Europe’s support for Armenia’s direction should not become automatic approval of its political process.
Details of a reported draft memorandum of understanding between the United States and Iran offer the clearest picture yet of how both sides plan to end months of conflict and move towards a longer-term settlement.
The U.S. and Iran say they have reached a deal to end their conflict, with an immediate ceasefire and reopening of the Strait of Hormuz after the lifting of the U.S. naval blockade. Talks will continue over the next 60 days to finalise the agreement
U.S. President Donald Trump has said a peace agreement with Iran is scheduled to be signed on Sunday in a post on social media, despite Tehran's Foreign Ministry spokesperson Esmaeil Baghaei saying no deal would be approved this weekend.
Details of a reported draft memorandum of understanding between the United States and Iran offer the clearest picture yet of how both sides plan to end months of conflict and move towards a longer-term settlement.
The U.S. and Iran say they have reached a deal to end their conflict, with an immediate ceasefire and reopening of the Strait of Hormuz after the lifting of the U.S. naval blockade. Talks will continue over the next 60 days to finalise the agreement
A senior Iranian official told Reuters that a draft memorandum with the U.S. covers issues including Iran’s nuclear programme, reopening the Strait of Hormuz, and U.S. waivers on oil sanctions, with further negotiations expected within 60 days of an initial agreement.
U.S. President Donald Trump has said a peace agreement with Iran is scheduled to be signed on Sunday in a post on social media, despite Tehran's Foreign Ministry spokesperson Esmaeil Baghaei saying no deal would be approved this weekend.
The United States and Iran have traded fresh strikes, with the U.S. hitting military sites and Iran launching missiles and drones at bases and ships near the Strait of Hormuz. Shipping remains active, but tensions are rising as calls grow for restraint and renewed talks.
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