Fiscal Nepal
First Business News Portal in English from Nepal
US Iran Peace deal
KATHMANDU: The United States and Iran have signed an interim peace agreement aimed at ending more than 100 days of conflict, reopening the strategically vital Strait of Hormuz, and paving the way for broader negotiations on Tehran’s nuclear program and regional security issues.
The agreement, formalized through a 14-point Memorandum of Understanding (MoU), establishes an immediate ceasefire and launches a 60-day negotiation period during which both sides will work toward a comprehensive and permanent settlement. The deal was signed amid growing international concern over disruptions to global energy markets and escalating tensions across the Middle East.
Under the framework, Iran has agreed to support the restoration of commercial shipping through the Strait of Hormuz and reaffirmed that it will not pursue nuclear weapons. In return, the United States will ease restrictions on Iranian oil exports, allow access to portions of Iran’s frozen assets, and begin lifting maritime-related sanctions. However, major issues—including the future of Iran’s nuclear activities and long-term sanctions relief—remain subject to further negotiations.
The announcement immediately impacted global energy markets. Oil prices fell as traders anticipated the return of Iranian crude supplies and the reopening of one of the world’s most important energy shipping routes. Brent crude and U.S. benchmark oil both declined following confirmation of the agreement.
International leaders and organizations have broadly welcomed the breakthrough. The United Nations described the deal as an important step toward regional stability and urged both sides to implement the agreement in good faith.
Despite the diplomatic progress, analysts caution that the agreement remains fragile. The 60-day negotiation window will determine whether Washington and Tehran can resolve longstanding disputes over nuclear enrichment, sanctions, regional security, and maritime access. Both governments have indicated that failure to reach a final settlement could trigger renewed tensions.
The peace initiative is being closely watched by global investors, energy markets, and governments worldwide, given its potential impact on oil prices, international trade routes, and broader geopolitical stability across the Middle East. Reuters
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