politics
CNBC Daily Open: For real this time? U.S., Iran peace deal at hand
The proposed deal will see the Strait of Hormuz opened, and the U.S. naval blockade lifted, in effect ending the conflict.
TL;DR
- U.S. and Iran have agreed on a peace deal, to be signed on June 19 in Switzerland.
- The deal includes opening the Strait of Hormuz and lifting the U.S. naval blockade.
- U.S. will not impose new sanctions on Iran until a final deal is reached; sanctions and frozen assets to be lifted/released.
- Iran will maintain its current nuclear program status, with further negotiations in 60 days.
- Concerns exist about the deal's specifics and differing accounts from both sides.
- Former President Obama views the deal as similar to the 2015 JCPOA.
- Investors are optimistic, with oil prices and Asian markets showing positive movement.
- President Trump is heading to the G7 summit in France after reaching the Iran deal.