Dubai Telegraph - Trump says Hormuz to 'completely open' Friday after US-Iran peace deal

EUR -
AED 4.23704
AFN 74.992126
ALL 91.801223
AMD 418.589514
ANG 2.065583
AOA 1059.116704
ARS 1738.621483
AUD 1.617669
AWG 2.078141
AZN 1.968959
BAM 1.956261
BBD 2.324357
BDT 142.092849
BGN 1.942222
BHD 0.435089
BIF 3451.727898
BMD 1.153722
BND 1.46954
BOB 12.689043
BRL 5.926321
BSD 1.154077
BTN 110.738721
BWP 15.652619
BYN 3.50461
BYR 22612.94572
BZD 2.320996
CAD 1.608277
CDF 2667.982172
CHF 0.944904
CLF 0.027859
CLP 1100.039261
CNY 7.743146
CNH 7.739072
COP 3608.80693
CRC 516.219341
CUC 1.153722
CUP 30.573626
CVE 110.290975
CZK 24.311341
DJF 205.509291
DKK 7.475476
DOP 68.125749
DZD 154.371425
EGP 60.017416
ERN 17.305826
ETB 188.50091
FJD 2.553129
FKP 0.855988
GBP 0.857348
GEL 2.991968
GGP 0.855988
GHS 13.254179
GIP 0.855988
GMD 84.802591
GNF 10147.34589
GTQ 8.810113
GYD 241.447911
HKD 9.050757
HNL 30.974161
HRK 7.534723
HTG 150.836178
HUF 364.454969
IDR 20357.419757
ILS 3.497219
IMP 0.855988
INR 110.61855
IQD 1511.849513
IRR 1585905.877266
ISK 139.796407
JEP 0.855988
JMD 182.122893
JOD 0.818056
JPY 178.861126
KES 149.476721
KGS 100.892849
KHR 4673.060078
KMF 492.639538
KPW 1038.349915
KRW 1576.595359
KWD 0.355843
KYD 0.961722
KZT 513.145287
LAK 25834.524646
LBP 103345.387414
LKR 382.510087
LRD 200.226289
LSL 18.788806
LTL 3.406641
LVL 0.697874
LYD 7.329726
MAD 10.882663
MDL 20.120652
MGA 4990.067113
MKD 61.544495
MMK 2422.382471
MNT 4147.716277
MOP 9.324894
MRU 46.207883
MUR 54.478572
MVR 17.766827
MWK 2001.179983
MXN 19.772575
MYR 4.666579
MZN 73.734259
NAD 18.788644
NGN 1529.708151
NIO 42.469818
NOK 10.790777
NPR 177.188499
NZD 2.001794
OMR 0.443614
PAB 1.154047
PEN 3.871795
PGK 5.218229
PHP 72.367772
PKR 319.872935
PLN 4.347033
PYG 6828.608249
QAR 4.195388
RON 5.259243
RSD 117.357749
RUB 97.405102
RWF 1702.793656
SAR 4.330004
SBD 9.271597
SCR 15.755618
SDG 693.953467
SEK 11.288002
SGD 1.468959
SHP 0.856321
SLE 28.427578
SLL 24192.958249
SOS 659.552477
SRD 43.553301
STD 23879.710257
STN 24.505665
SVC 10.098335
SYP 15000.690102
SZL 18.786506
THB 38.354318
TJS 10.644262
TMT 4.049563
TND 3.378696
TOP 2.777885
TRY 56.124984
TTD 7.824605
TWD 36.692984
TZS 3052.31852
UAH 51.466821
UGX 4518.064078
USD 1.153722
UYU 46.430935
UZS 13606.204485
VES 970.492275
VND 29995.034148
VUV 136.32031
WST 3.157429
XAF 655.957
XAG 0.017803
XAU 0.000265
XCD 3.117991
XCG 2.079881
XDR 0.815741
XOF 655.957
XPF 119.331742
YER 272.853304
ZAR 18.765744
ZMK 10384.877521
ZMW 22.648236
ZWL 371.497923
SSP 6524.623405
MXV 2.241941
  • RELX

    -0.0350

    34.185

    -0.1%

  • NGG

    1.2900

    76.22

    +1.69%

  • BTI

    0.0850

    56.605

    +0.15%

  • CMSC

    -0.0400

    20.28

    -0.2%

  • GSK

    0.2800

    50.29

    +0.56%

  • RBGPF

    0.0000

    69.99

    0%

  • AZN

    2.2400

    164.09

    +1.37%

  • RIO

    0.4400

    97.7

    +0.45%

  • BCE

    -0.2750

    22.625

    -1.22%

  • RYCEF

    0.2600

    19.3

    +1.35%

  • BCC

    0.5100

    76.44

    +0.67%

  • BP

    -0.7750

    46.185

    -1.68%

  • JRI

    0.1600

    11.78

    +1.36%

  • VOD

    -0.1650

    17.515

    -0.94%

  • CMSD

    -0.0240

    20.046

    -0.12%

Trump says Hormuz to 'completely open' Friday after US-Iran peace deal

Trump says Hormuz to 'completely open' Friday after US-Iran peace deal

US President Donald Trump said on Monday the Strait of Hormuz would be fully open later in the week, after Washington and Tehran announced a deal to end the Middle East war.

Text size:

Speaking ahead of a G7 summit in France, Trump said the strait would be "completely open" from Friday, adding that he did not "think we will need much help" on keeping the waterway open.

Trump had said earlier on Truth Social that "ships are starting to move, many loaded up with Oil, out of the Strait of Hormuz".

Iran had blockaded the vital waterway since the start of the war, which began with US-Israeli strikes on the Islamic republic in late February.

News of the deal sparked relief after months of deadly violence and global economic chaos.

The US and mediator Pakistan said the agreement was to be signed on Friday in Switzerland.

A senior US administration official, however, said on Monday that Trump, Vice President JD Vance and Iran's parliamentary speaker Mohammad Bagher Ghalibaf had already electronically signed the deal.

"The president wanted to sign it personally because he wanted to show his... dedication to bring this through to a successful resolution," the official, speaking on condition of anonymity, told reporters.

Iran's Deputy Foreign Minister Kazem Gharibabadi said the deal put an "immediate end" to the war and that they would hold talks to seek a "final agreement" within two months.

Iran's military hailed the agreement as a victory, claiming it had "humiliated" the US and Israel, while President Masoud Pezeshkian said the deal was "a great achievement" for the entire region.

But Iran's foreign ministry spokesman Esmaeil Baqaei said Tehran still holds "deep mistrust" of the US and the framework was "merely a step towards reducing tensions".

- Lebanon -

He said the US must ensure that Israel commits to stopping the war in Lebanon under the deal.

Lebanon was pulled into the Middle East war in early March when Iran-backed militant group Hezbollah launched rocket attacks on Israel in retaliation for the killing of Iran's supreme leader, prompting Israeli strikes and a ground invasion.

"The United States must honour its commitments. It must ensure that the Zionist regime also respects its own regarding Lebanon," Baqaei said.

Israel's Defence Minister Israel Katz, however, said Israeli forces would remain in Lebanon, Syria and Gaza indefinitely.

Israeli figures across the political spectrum slammed the deal.

Lebanese President Joseph Aoun meanwhile expressed hope that the deal would put a "definitive end" to the Israel-Hezbollah conflict.

Hezbollah expressed its "profound gratitude" to Iran for insisting Lebanon be included.

Lebanese state media, meanwhile, reported the first deadly strike since the deal's announcement, saying the Israeli attack in the south killed one person.

- Terms unclear -

The deal follows weeks of fraught negotiations and periodic threats of fresh hostilities, but its details remain unclear.

Baqaei said Washington had "committed" to releasing Iran's frozen funds abroad and compensating it for damages during the war.

Iran's Mehr news agency had earlier reported the US would release $12 billion in frozen assets to Iran before the start of negotiations.

Baqaei said Tehran would seek ratification from the UN Security Council after it negotiates a final agreement covering its nuclear programme with the US.

The details may prove contentious as the US presses its effort to end Tehran's nuclear ambitions and deal with its stockpile of highly enriched uranium -- said to have been buried by US strikes last year.

In an interview with The New York Times on Sunday, Trump said the US was still negotiating whether Iran would suspend its enrichment for 20 years.

He hinted that he might settle for a 15-year suspension, but said he did not want to negotiate via the press.

- 'Lost time' -

Vance said Monday the US expects Iran will not charge tolls on shipping through the Strait of Hormuz, but that the issue would be discussed as part of the new peace deal.

Baqaei, meanwhile, said Iran would charge maritime service fees, rather than tolls.

Iraq welcomed the planned reopening of the strait.

UN Secretary-General Antonio Guterres called the deal a "critical step" toward resolving the war.

Saudi Arabia and Egypt also welcomed the agreement, while Pakistan's Prime Minister Shehbaz Sharif called it a "historic step towards peace".

The United Kingdom, France, Germany and Italy said they were prepared to lift sanctions imposed on Iran.

The announcement also brought relief at market opening on Monday.

But in Tehran, English teacher Arya, 38, said the "agreement was nothing but a loss for the people of Iran".

"Our people will not return to normal; we have only lost time. The greatest outcome of this war was that they came to understand that Trump is not their ally," he said.

burs/amj/jsa

G.Gopalakrishnan--DT