• Iranian Foreign Minister Abbas Araghchi stated in Beijing that Iran only accepts a ‘fair and comprehensive agreement’ in negotiations with the US.
  • US President Donald Trump announced a pause in Operation ‘Project Freedom’ in the Strait of Hormuz to facilitate reaching an agreement.
  • Brent crude oil prices 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 full agreement with Iran.

Sources & Links