Make no mistake about it: The peace deal between the U.S. and Iran is, at its heart, an oil deal. Yes, myriad other implications are in play…
U.S. President Donald Trump, meanwhile, has warned that the U.S. will "go back to shooting" if he doesn't like the Iran agreement.
The U.S. and Iran reached a memorandum of understanding on Sunday extending the ceasefire by 60 days. It is set to be formally signed in Geneva on Friday. The text of the agreement has not yet been released, but Iran has agreed to reopen the Strait of Hormuz, while the U.S. will lift its naval blockade. According to Iran, the deal calls for a permanent and…
Details of 14-point MOU revealed as senior US officials claim ‘major win’ despite significant concessions to TehranMiddle East crisis – live updatesThe Trump administration has released the text of its 14-point agreement with Iran, claiming it delivered a “major win” for the United States – even as it made significant political and financial concessions to…
Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins. Iran is set to receive broad financial incentives as part of its…
Trump says the strait will be open after the signing, but experts warn clearing mines could take weeks.
President Trump said Wednesday that oil reserves could have run out in four weeks if the Strait of Hormuz were not opened. “We run out of reserves at about four weeks,” Trump said in France while at the Group of Seven summit, discussing the recent memorandum of understanding with Iran. “You know, there are reserves…
In an interview with Megyn Kelly, Vice President JD Vance argued that opponents of the administration's agreement, or memorandum of understanding, with Iran have no alternative beyond continued military action. Vance accused some critics of promoting an "endless conflict" and relying on "Iranian propaganda" to attack the deal.
In war and in peace, Trump’s loyalty is to Trump.
President Donald Trump has been highly critical this week of Israel's conduct in Lebanon — especially after deadly Israeli airstrikes in Beirut over the weekend nearly blew up the U.S.-Iran peace deal."Too many people are being killed," Trump said at the G7 summit in France on Tuesday. "And you don't have to knock down an apartment house every time you're…
