West Asia war LIVE updates: India welcomes U.S.-Iran peace MoU, says Hormuz opening will boost energy supplies

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U.S. President Donald Trump said on Tuesday that Iran has “fully and completely agreed” to allow nuclear inspectors to return to the country, and that the U.S. Navy forces would no longer blockade the Strait of Hormuz.

Washington has been negotiating with Tehran on critical issues such as the fate of the country’s nuclear program in the wake of a deal the two foes signed aimed at ending the West Asia war.

Mr. Trump said the negotiations, technical talks between Iran and the United States taking place in recent days in Switzerland, were “going well.”

“Iran has fully and completely agreed to highest level Nuclear inspections long into the future (Infinity!!!). This will insure ‘Nuclear Honesty,’” Mr. Trump posted on his Truth Social platform.

“Based on this and other major concessions being made by Iran, I have agreed to allow the Hormuz Strait to remain OPEN, with no further Naval Blockade,” he added.

“However, all ships are remaining in place should it be necessary to reinstitute the Blockade, which seems, at this point, highly unlikely,” he added.

He also said that 19 ‌million barrels ‌of ‌oil ⁠flowed ⁠out of the ‌Strait of Hormuz on Monday, ‌and pointed to ⁠falling oil ‌prices.

He added that any Iranian funds unfrozen through sanctions relief or released by the U.S. Treasury would go into a Washington-controlled escrow account, which Tehran could tap to purchase U.S. food and medical supplies.

“The Money and/or Sanctions that the U.S. Treasury is releasing goes into escrow, controlled by the USA, and will be used for the purchase of food and medical supplies, exclusively from the United States, including Corn, Wheat, and Soybeans from our great American Farmers,” Mr. Trump posted on his Truth Social platform.

“This is a humanitarian crisis, and I feel it is necessary to help, NOW, before it is too late,” he added.

– AFP, Reuters

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