U.S. and Iran agree to a two-week ceasefire in exchange for reopening the Strait of Hormuz — English and Persian versions of the deal differ

¬ The news of the reopening of the Strait of Hormuz sent oil prices plunging and stock markets soaring

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Just over an hour before U.S. President Trump's ultimatum threatening to destroy the Islamic Republic of Iran expired, the United States and Iran reached an agreement to cease hostilities for two weeks in exchange for the reopening of the Strait of Hormuz. Both sides are expected to resume negotiations this Friday in Pakistan.

Washington's View on the Ceasefire

On Tuesday, President Donald Trump told AFP in a phone interview that, from Washington’s perspective, this was a "complete and comprehensive victory."

Trump also announced on his social platform "Truth Social" that Tehran had agreed to "fully, immediately, and safely open the Strait of Hormuz."

The U.S. president noted that the agreement was reached following his talks with Pakistani leaders. He added that during the ceasefire period, Iran’s uranium enrichment issue would be "completely resolved."

Previously, the U.S. ceasefire proposal included demands that Iran halt all uranium enrichment activities, accept limitations on its missile program, and stop supporting armed groups in the region. However, these conditions—which Tehran had previously rejected—are not mentioned in the current ceasefire agreement.

Tehran's Perspective

Iranian Foreign Minister Abbas Araghchi confirmed that Tehran would ensure the safety of navigation through the Strait of Hormuz. He also stated that Iran’s 10-point ceasefire plan had been deemed "feasible" by Trump.

According to a statement issued by the Islamic Republic of Iran, Tehran’s 10-point plan calls for maintaining Iran’s control over the Strait of Hormuz, acceptance of Iran’s uranium enrichment activities, and the lifting of all primary and secondary sanctions imposed on Iran.

English and Persian Versions

AFP reported that the English version of Tehran’s statement released by the United Nations did not mention Iran’s uranium enrichment activities, but the Persian-language version published by Iranian state media includes this detail.

Iran’s other demands include: withdrawal of U.S. forces from the Middle East, cessation of attacks on Iran and its allies, unfreezing of Iran’s frozen assets, and adoption of a UN Security Council resolution to give legal binding force to the agreement.

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With the announcement of the reopening of the Strait of Hormuz, international oil prices dropped sharply Wednesday morning, while stock markets surged.

Shortly after 7:20 GMT on Wednesday, BP shares plunged 8.35%, Shell dropped 7.7%, and France’s TotalEnergies fell 5.63%. Italy’s Eni declined 7.15%, while Spain’s Repsol shares dropped 8.10%.

According to data from 7:30 GMT, the May WTI crude oil contract fell 14.68% to $96.37 per barrel, while the June Brent crude oil contract dropped 13.14% to $94.91 per barrel.

Stock markets rebounded strongly: At 7:55 GMT on Wednesday, Germany’s DAX index rose 4.69%, France’s CAC 40 climbed 4.06%, and London’s stock market gained 2.49%. On Wednesday, Tokyo’s stock market closed up more than 5%, Seoul’s market surged nearly 7%, and Hong Kong’s market rose 3.1%.

Source: rfi

Original: toutiao.com/article/1861906700411904/

Disclaimer: This article reflects the personal views of the author