Source: Fortune.com
Summary
The United States and Iran are close to reaching a deal that would end the war, reopen the Strait of Hormuz, and see Iran give up its stockpile of highly enriched uranium. Secretary of State Marco Rubio said “significant progress” has been made in the negotiations. The deal would include Iran giving up its uranium, with the details and timelines to be worked out later. The reopening of the strait would address a worldwide energy crisis sparked by the US and Israeli bombardment of Iran. The deal would also allow Iran to sell its oil through sanctions waivers and include an end to the war between Israel and the Iran-backed Hezbollah militant group.
Our Reading
The numbers tell one story.
The US and Iran are close to a deal, but the details are still being worked out. Iran has not publicly committed to giving up its uranium, a key demand of President Donald Trump. The deal would include sanctions relief and the release of Iran’s frozen funds. Israel is concerned about Hezbollah remaining a threat, and Prime Minister Benjamin Netanyahu has warned Trump that Israel maintains freedom of action against threats. The deal would also include an end to the war between Israel and Hezbollah.
The announcement sounds like a familiar phase in the long-running US-Iran drama, with both sides making concessions to avoid further conflict.
Author: Evan Null
