The Iranian Foreign Ministry has accused Israel of attempting to derail the diplomatic process with its latest airstrikes on Lebanon
US President Donald Trump has said that a memorandum of understanding with Iran is “all signed,” with the official ceremony expected on Friday.
Vice President J.D. Vance, meanwhile, who previously told ABC News that the peace roadmap had been signed “digitally” over the weekend, will be attending the event, according to Trump.
Reuters, citing unnamed US officials, reported on Monday that the roadmap had been signed on Iran’s behalf by Parliament Speaker Mohammad Bagher Qalibaf.
The US president also expressed confidence that the Strait of Hormuz will reopen soon after the memorandum is officially inked.
Meanwhile, Iranian Foreign Ministry spokesman Esmaeil Baqaei warned that Lebanon’s territorial integrity is an “inseparable part” of the memorandum. His remark followed Israeli airstrikes on the Middle Eastern country.
The Israeli leadership has reportedly rejected parts of the deal between Washington and Tehran and vowed to continue striking Hezbollah targets as it sees fit.
The talks were repeatedly stalled and delayed, with both sides accusing each other of making unacceptable demands and citing a lack of trust.
Most recently, Iran threatened to suspend the negotiations over Israel’s continuing strikes in Lebanon. In an effort to prevent the talks from collapsing, Trump reportedly demanded that Israel halt the attacks during several heated phone calls with Prime Minister Benjamin Netanyahu.
Here are the latest developments:
Iran will reportedly reopen the Strait of Hormuz, halt uranium enrichment, and renounce nuclear weapons in exchange for the release of $25 billion in frozen assets, sanctions relief, an end to the US naval blockade, and a $300 billion reconstruction package.
Iranian Foreign Minister Abbas Araghchi has called for an end to Israeli military actions in Lebanon, saying during separate phone calls with his Turkish, Iraqi, and Egyptian counterparts that all hostilities must cease.
Israeli Defense Minister Israel Katz has said the IDF will not withdraw from southern Lebanon despite the reported terms of the agreement, warning that it will respond “with full force” if Iran attacks over its operations against Hezbollah.
The EU has welcomed the reported deal, with foreign policy chief Kaja Kallas saying it could create “much-needed space.”
Oil prices fell sharply on the news, with US WTI crude dropping 4.7% to $80.83 a barrel and Brent crude falling around 4% to $83.77, the lowest levels since March 4, shortly after the US-Israeli operation against Iran began.
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