Trump will allow Iran to sell its oil under deal — giving financial boost to Tehran’s regime
AI Summary
Following negotiations, the U.S. and Iran reached a limited ceasefire accord reopening the key Hormuz shipping strait and extending their existing truce for 60 days. Trump, celebrating his 80th birthday, announced the pact and scheduled a signing ceremony for next Friday in Switzerland. Markets initially surged but quickly moderated; while oil prices have begun declining, complete recovery to pre-war pricing is expected to take months or years given ongoing supply disruptions and the unresolved nuclear question.
The US will issue sanctions waivers for Iran to begin selling oil during the 60-day negotiation period, which is set to begin after the Friday signing ceremony the two countries' secretive memorandum of understanding, a source familiar with the agreement told The Post. ...
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