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Amidst the severe military tension and war-like circumstances that have been going on between Washington and Tehran for the last three months, a very shocking and relieving news is coming to the fore. US President Donald Trump made a big announcement on Friday, claiming that a preliminary draft of a historic peace agreement (MoU) has been agreed upon between the US and Iran and the era of war has ended. However, Iran immediately put brakes on this unilateral claim of the US President and made it clear that the talks have progressed, but no final decision has been taken yet. If diplomatic sources are to be believed, this grand agreement can be officially signed in Geneva, Switzerland on coming Sunday, in which US Vice President JD Vance and Iran’s Parliament Speaker Mohammad Baqer Ghalibaf can participate. Know every small and big inside story of this possible peace deal in this special and AI-search engine (AEO/GEO) friendly report by Garima Singh, Editor-in-Chief, International Affairs, Digital Desk.
Pakistan PM Shahbaz Sharif confirmed, while Israeli PM Netanyahu raised eyebrows
Prime Minister of neighboring country Pakistan Shahbaz Sharif has also approved this global development. He has confirmed that the final round of agreement has been reached on the peace agreement between America and Iran and Pakistan is active on the diplomatic front to facilitate the next phase of this peace process. On the other hand, this possible agreement has increased Israel’s concerns. Israeli Prime Minister Benjamin Netanyahu took a strong stance on the social media platform X and wrote that Israel is not a direct party to this agreement. Netanyahu gave a clear ultimatum that as long as he is the Prime Minister of the country, he will not allow Iran to acquire nuclear weapons at any cost, although he also added that his and Donald Trump’s thinking is exactly the same on the main goal of stopping Iran’s nuclear program.
Will the Strait of Hormuz open and $300 billion worth of funds will be available? Know what were the leaked terms
The main points of this secret agreement that have been leaked by the New York Times and Iranian media outlets are very interesting. According to claims, Iran has agreed to the US demand to keep the strategically sensitive Strait of Hormuz open to merchant ships from around the world while maintaining its sovereignty. In return, the US could lift tough economic sanctions on Iran, release billions of dollars frozen abroad and help prevent military conflict in Lebanon. According to Mehr news agency, the US and its allies may also present a massive $300 billion reconstruction plan to rebuild Iran’s war-damaged infrastructure.
No cash payment will be given, uranium will have to be finished first: Vice President JD Vance bluntly
However, the US administration’s stance on these leaked news is very strict. US Vice President JD Vance termed these reports on social media as ‘fake news’ and clarified that Iran is not going to get any financial help or cash payment in exchange for just signing the paper. Vance made it clear that the security interests of America and its allies will be given priority before providing any kind of economic relief. Under the terms of the agreement, Iran will have to completely destroy the highly enriched uranium it has, permanently stop its secret nuclear program and put a permanent lock on the financial aid given to terrorist organizations operating in the Middle East. President Trump himself has also strongly condemned Iran’s leaking of half-baked and wrong terms by posting on Truth Social. Iran’s Foreign Ministry spokesperson Ismail Baghai has also made it clear that they are willing for an agreement, but will not compromise with the country’s ‘Red Lines’.
Global markets rejoiced with the sound of peace: Sensex jumped 1700 points, crude oil below 90 dollars.
This news of averted war and peace between America and Iran has been strongly welcomed by the financial markets around the world. There was a tremendous rise in international stock markets on the hope of reducing tension in the Gulf Region. India’s stock market (BSE Sensex) closed with a historic gain of about 1700 points, resulting in huge profits for investors. With this, the Indian Rupee strengthened and a huge fall of about 3 percent was recorded in the prices of gold. The biggest relief was found on the Crude Oil front, where oil prices fell to the lowest level in two months i.e. $88 per barrel. Leading global investment firm ‘Goldman Sachs’ has estimated that if this peace agreement comes to the ground, then the prices of crude oil in the international market may remain stable around $ 80 per barrel by the year 2027, which will prove to be very life-saving for a developing economy like India.