What To Watch For
The U.S. and Iran are scheduled to sign the peace agreement on Friday in Switzerland.
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What Else Is Known About The U.S.-Iran Peace Deal?
The U.S. and Iran have continuously appeared split on their interpretations of the deal, which will establish a 60-day period for negotiations. The talks during that time will likely revolve around thornier subjects like Iran’s nuclear program. In addition to the reported $300 billion fund, the deal signed this week will also extend the ceasefire between the U.S. and Iran and open the Strait of Hormuz, the crucial oil shipping route both countries have enacted blockades on.
Key Background
Trump has justified the war in Iran by claiming the country was close to developing a nuclear weapon, though the president said Tuesday that Iran’s enriched uranium is not “very valuable stuff, but I think psychologically we want to get it.” Iran has officially maintained it is not seeking to build nuclear weapons, which will almost certainly be a matter of discussion during the 60-day negotiation period. Iranian Foreign Minister Abbas Araghchi has said the pending peace agreement does not include new assurances about his country’s nuclear program. As many details have yet to be officially ironed out, Trump faced backlash from allies when he said the agreement was close to completion last month.
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Further Reading
Crucial Aspects Of Trump’s Iran Deal Remain Secret: Nuclear Program, Strait Of Hormuz Tolls And Sanctions Relief (Forbes)
Trump’s War Now Means Iran Can Shut Strait Of Hormuz Anytime, U.S. Intel Reportedly Finds (Forbes)
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