Post by : Badri Ariffin

Negotiations between the United States and Iran are progressing towards a temporary agreement that seeks to halt the ongoing conflict and alleviate mounting tensions in the strategic Strait of Hormuz.

Sources indicate that the proposed framework is meant to be a provisional memorandum rather than a comprehensive peace accord. Significant disagreements persist, particularly regarding Iran's nuclear program and regional security issues.

Reports suggest that the current draft aims primarily at ceasing hostilities for now, with further discussions scheduled for the upcoming weeks.

According to mediators involved, the agreement could unfold in three key stages. The initial phase would formally conclude hostilities, followed by a focus on mitigating the crisis in the Strait of Hormuz, vital for global oil transport. The final phase would entail a 30-day window for in-depth negotiations aimed at a more permanent resolution.

A senior Pakistani figure involved in negotiations emphasized the urgency of establishing a permanent cessation of fighting before delving into more complex issues.

US President Donald Trump expressed a hopeful outlook on the discussions during a recent White House briefing, indicating both parties are keen on reaching a consensus and suggesting a swift end to the conflict if talks continue positively.

Conversely, Iranian representatives demonstrated caution. An official response from Iran's foreign ministry suggested they would address matters at an appropriate moment. Iranian legislator Ebrahim Rezaei characterized the current proposal as more aligned with American aspirations than feasible reality.

Furthermore, Mohammad Baqer Qalibaf, Speaker of Iran's Parliament, criticized claims of nearing a breakthrough, deriding the negotiations as a means for the United States to project false hope after failing to reopen the vital Strait of Hormuz.

Global markets have already felt the impact of the potential deal, with oil prices experiencing a sharp decline amid expectations of reduced supply disruptions. Brent crude prices plummeted nearly 11 percent before finding stability around $99 per barrel.

Stock markets have also responded positively, with investors optimistic that eased tensions in the Middle East will enhance energy supply reliability and international trade.

Despite advancements in discussions, several critical issues remain unaddressed within the proposed memorandum. Key restrictions on Iran's missile capabilities and support for proxy groups in the region are reportedly omitted from the current draft.

Issues surrounding Iran's highly enriched uranium stockpile, a significant concern for Washington in the nuclear negotiations, are also not covered by the proposal.

Should an agreement on the temporary framework be reached, a schedule for broader and more detailed peace talks is anticipated to commence within 30 days.

#world news #Global News #Iran News #US News