DATA & FIGURES
The deal includes the lifting of the US blockade of Iranian ports, with Iran agreeing to reopen the strait of Hormuz to commercial shipping from Friday without restriction. The US has also agreed to provide $300bn in funding for the reconstruction and economic development of Iran. Additionally, Iran has found a way to return $12bn of its assets frozen overseas without restrictions on how it can spend the cash.
THE SCENARIO
The US-Iran peace deal comes after months of tensions between the two countries, with the US imposing sanctions on Iran and Iran responding with attacks on US targets. The deal is seen as a significant step towards reducing tensions in the region, but its success will depend on the ability of both sides to implement its terms.
DIRECT QUOTE
"The navy will do the same thing it is doing now. We are currently providing services in the strait of Hormuz: safety services, navigation services, and security services. It is clear that services are not free anywhere in the world and there is a fee for these services." — Mehdi Mohammadi, Adviser to Iran's Chief Negotiator, Mohammad-Bagher Ghalibaf
BBN INSIGHT
The US-Iran peace deal is a significant development in the region, but its impact on the global economy and crypto markets is still uncertain. The deal could lead to increased stability in the region, which could have a positive impact on global trade and economic growth.