• Iranian Foreign Minister Abbas Araghchi stated in Beijing that Iran accepts only a fair and comprehensive agreement in negotiations with the US.
  • Trump announced a pause of ‘Project Freedom’ in the Strait of Hormuz to facilitate reaching an agreement.
  • Brent crude oil fell 1.2% to $108.6 per barrel after Trump’s announcement.
  • The conflict has blocked about 20% of the world’s oil and triggered a global energy crisis.
  • Trump said great progress has been made toward a complete and final agreement with Iran.
  • The IMF warned that it will take three to four months to resolve the consequences of the conflict even if it ends immediately.

Sources & Links