politics
Middle East crisis live: US and Iran reach peace deal as European leaders warn Tehran ‘must never acquire a nuclear weapon’
Global oil prices have tumbled amid fresh hopes that a US-Iran peace deal may end the greatest energy supply crisis in the history of the market, write the Guardian’s Jillian Ambrose and Jonathan Barrett.
TL;DR
- A tentative peace deal has been reached between the US and Iran.
- The agreement is expected to lead to the reopening of the Strait of Hormuz.
- Global oil prices have dropped significantly following the announcement.
- Asian stock markets have surged on the news of the deal.
- Key issues like Iran's nuclear program, missile program, and human rights abuses remain unaddressed.
- World leaders have reacted with a mix of support and caution, emphasizing the need for Iran to abandon nuclear weapons.
- An MoU is scheduled to be signed in Geneva on Friday.