Trump insists Iran deal will open Strait of Hormuz ‘toll-free’ as he meets world leaders

VERSAILLES : US President Donald Trump has laid out the two primary components of his deal to end the war with Iran: Tehran will “never have a nuclear weapon” and the Strait of Hormuz will re-open and be “toll-free” .

Speaking at the G7 Summit in France, Trump said the deal agreed between the two countries was “fair” and “good”. Later Trump said he would likely hold a news conference to publicly read the agreement between the US and Iran “word by word”.

Tehran and Washington are set to sign the deal in the Swiss resort of Burgenstock on Friday. The full details of the agreement have not been made public yet, but in the US, the Wall Street Journal has reported that Iran will be able to immediately start selling oil.

The price of Brent crude oil – the global benchmark for oil prices – has fallen today, with the price falling to $78 (£58) a barrel this evening. Meanwhile, the Israel Defense Forces says it carried out strikes in southern Lebanon today, claiming it intercepted rockets and destroyed a rocket launcher Hezbollah militants fired at its troops. Hezbollah says it has received assurances from Iran that it will demand the IDF withdraws from southern Lebanon.

Trump described the Lebanon conflict as a “minor war” and insisted it would not derail the US’s deal with Iran – but he continued his public criticism of Israeli Prime Minister Benjamin Netanyahu.

Source : BBC