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Key Events This Week: First Warsh FOMC, Iran Deal Signing, Retail Sales And More

After 107 days and a seemingly endless number of false dawns, we finally have a deal between the US and Iran to end the war and open the Strait of Hormuz. It was announced on Sunday afternoon - Trump's birthday, shortly before futures opened for trading and ahead of today's Iran game in the World Cup - and the MoU w…

Original report

US must disabuse itself of its Middle East illusions - opinion

Has US President Donald Trump followed the path of previous Democratic and Republican presidents who believed the Islamic Republic could be trusted to honor a negotiated agreement? Or will he come to recognize that Iran is not merely a difficult adversary but a revolutionary regime whose objectives fundamentally dif…

Original report

Trump says ships starting to move out of Strait of Hormuz following Iran deal

WASHINGTON, June 15 (Yonhap) -- U.S. President Donald Trump said Monday ships waiting to transit the crucial Strait of Hormuz are starting to move out of the chokepoint, after he announced the previous day that the United States and Iran have reached a peace deal aimed at ending their monthslong war.

Original report

Experts skeptical of Tehran's claim US will unfreeze $12 billion before talks begin

While the exact terms agreed upon by Washington and Tehran have not been publicly confirmed by the former, experts speaking to The Jerusalem Post on Monday put little weight on the Islamic Republic’s claims that the United States agreed to hand over $12 billion in frozen assets to Iran before the start of negotiations.

Original report

US Futures, Global Stocks Surge, Oil Tumbles On Iran Deal

Global markets soared in a risk-on rally following the announcement of a US-Iran deal Sunday night. Stocks and bonds rallied while oil tumbled to a three-month low after the US and Iran said they have reached an interim agreement to reopen the Strait of Hormuz and halt the war. This will provide a 60-day window for …

Original report

Shipping companies welcome Hormuz reopening, so long as safety is guaranteed | The National

Navigational safety and security will be central to the restoration of shipping activity along the Strait of Hormuz, shipping operators and experts said on Monday while welcoming the announcement from the US and Iran to reopen the waterway in the Arabian Gulf and end the three-month-old war.

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