The US will lift its naval blockade of Iran if Tehran commits to nuclear non-proliferation and reopens the Strait of Hormuz, Trump stated.
Former President Donald Trump announced the US will lift its naval blockade on Iran if Tehran agrees to never develop nuclear weapons and immediately reopen the Strait of Hormuz. The move requires Iran to remove or detonate remaining water mines and allow unrestricted two-way shipping without tolls.
The proposal includes coordinated destruction of Iran’s enriched nuclear material with the International Atomic Energy Agency (IAEA). No financial transactions will occur until further notice, with final approval pending a Situation Room meeting.
Markets may react to reduced geopolitical tensions in the Middle East, particularly in oil shipping routes, though details remain conditional on Iran’s compliance.