Iran Studies Deal to Halt War as Stalemate Persists

Rappler

U.S. & Iranian flags.

Iran is reviewing a proposed agreement with the U.S. to halt their war, Iranian media reported on Tuesday, after U.S. President Donald Trump said talks to reach a deal were continuing.

Iran has not yet responded to a proposed final text of the temporary deal, and was taking a "stern" approach given what it sees as a history of U.S. non-compliance and longstanding mistrust, Mehr News Agency cited a source as saying.

President Trump said on Monday that negotiations with Iran were continuing and there would be a deal over the next week to extend a ceasefire agreed in early April and reopen the Strait of Hormuz.

Since mid-March, President Trump has repeatedly said he is close to signing a peace agreement, though any such deal would postpone thorny issues including the future of ⁠Iran's nuclear programme. A ceasefire has largely held since early April, but Iran and the U.S. have exchanged strikes several times over the past week.

Oil prices fell more than 1% on Tuesday, paring the previous day's sharp gains. A senior International Energy Agency official warned that global oil inventories could hit historically low levels.

Iran is pushing for a limited interim agreement as it tries to ease mounting economic pressure while avoiding major concessions on its nuclear programme, according to Iranian sources.

As part of any deal, Tehran is seeking an end to hostilities across all fronts including Lebanon, access to billions of dollars in oil revenues, waivers on crude exports, a lifting ⁠of a U.S. blockade on its ports, and continued leverage over the Strait of Hormuz.

Source: Reuters



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