DATA & FIGURES
The deal includes several key figures, including the $25 billion release of Iran's frozen assets and the dilution of highly enriched uranium within Iran. The draft memorandum of understanding also includes Iran immediately reopening the Hormuz Strait to all commercial vessels and the US lifting its naval blockade.
THE SCENARIO
The geopolitical context of the deal is complex, with multiple countries involved in the negotiations and mediation. Pakistan's Prime Minister Shehbaz Sharif confirmed that the peace deal between the US and Iran has been reached, with the official signing ceremony to take place on Friday in Switzerland.
DIRECT QUOTE
"Congratulations to all! I hereby fully authorize the toll-free opening of the Strait of Hormuz, and, simultaneously herewith, authorize the immediate removal of the United States Naval blockade. Ships of the World, start your engines. Let the oil flow!" — Donald Trump, President of the United States
BBN INSIGHT
The deal between the US and Iran is a significant development in the region, with potential implications for the global economy. The reopening of the Strait of Hormuz and the removal of the US naval blockade are expected to allow for the flow of oil, which has been disrupted due to the conflict.
MARKET REACTION
The market reaction to the deal has been significant, with Brent crude futures sliding as much as 5.1% on Friday and European gas dropping as much as 8.4%. The deal is expected to bring stability to the region and allow for the flow of oil, which has been disrupted due to the conflict.