Washington: Trump said at the White House on Thursday that he believes Iran's supreme leader, Mohammad Khamenei has well-set to the deal with America. Under this deal, two big things will happen: The Strait of Hormuz will be opened – the world's most important oil sea route. The US tampon on Iranian ports will be lifted – that is, the shipping restrictions imposed on Iran will be relaxed. When the reporter asked whether Khamenei had tried the deal, Trump said: "I think the wordplay is yes."
How sure is the deal?
Trump tabbed it a "very strong memorandum of understanding". But he moreover said that this is "a bit theoretical, but it will happen". Meaning the papers have not been signed yet. This is not a final treaty but looks like a framework of consent. Details have not been revealed yet.
Why is the Strait of Hormuz so important?
About 20% of the world's oil travels through this route. As tension increases here, oil prices start touching the sky. If it opens, the tension in the Gulf will reduce and oil may wilt cheaper wideness the world.
What is not well-spoken yet?
3 big things are still in the dark: Confirmation from Iran – No statement has come yet from Tehran or Khamenei's office. Without their yes, this is just Trump's claim. What is the US giving - What concession will the US requite to Iran in mart for lifting the blockade? It is not known how much relaxation will be given in the sanctions. When will it happen? It is easy to say, "It will happen." Will it happen in a day, a month, or a year - no timeline given.
Why is this news big?
If this MoU really becomes a deal, then there will be a big turning point in US-Iran relations. There has been a mismatch between the two countries for years regarding nuclear programs and maritime security. But until Iran itself confirms, it will be too early to winnow it as confirmed. Right now it is at the level of Trump's statement.
