US Treasury Secretary Scott Bessent said that America and Iran will soon, possibly on August 7 or 8, conclude a new peace agreement. This was reported by Qazaqyia.kz citing Kursiv Media.
"So I think in the near future, maybe even today or tomorrow, we will see a ceasefire agreement for 30-60 days, the strait will be open, energy prices should fall," he said in an interview with 12News.
Key Terms of the Agreement
A ceasefire agreement for a period of 30 to 60 days is being considered. The main condition of the deal is the resumption of free navigation through the Strait of Hormuz. This should lower global energy prices.
Tehran's Demands
Tehran says that in exchange for opening the strait, it demands the lifting of US sanctions and the end of the naval blockade. In parallel, Iran is holding consultations with Oman to approve technical parameters and geographic coordinates for safe commercial routes.
Failure of Previous Agreement
Earlier, Kursiv reported that in July the previous June agreement (the Islamabad Memorandum) collapsed and the parties resumed mutual strikes.
Significance of the Negotiations
This agreement could significantly impact the global energy market, as about a third of the world's oil shipments pass through the Strait of Hormuz. Opening the strait would help stabilize oil prices and global economic stability.
Expert Opinion
According to experts, if an agreement is reached, it would be a major breakthrough in US-Iran relations. However, the failure of previous agreements shows the difficulty of negotiations.
International Reaction
The international community has mixed reactions to this news. Some countries support this initiative and hope for stability in the region, while others are skeptical, recalling unfulfilled previous agreements.
Economic Impact
Lower energy prices could positively affect the global economy. Reduced inflationary pressure, lower production costs, and increased consumer purchasing power are all possible outcomes of the agreement.
Next Steps
If an agreement is reached, the next steps of the parties will be important. Technical details need to be clarified, monitoring mechanisms created, and implementation ensured. Oman's role as a mediator will also be crucial.
Conclusion
The new agreement between the US and Iran could have a huge impact on global politics and the economy. Its success depends on many factors, but the desire of both sides for peace increases hopes for stability in the region.