On June 17 (US time), according to The Guardian, the administration of US President Donald Trump announced the full content of the 14-point agreement with Iran, while affirming that this is an important step to help prevent the risk of global economic instability in the context of escalating conflict in the Middle East recently.
Speaking to the press, Mr. Trump said that if an agreement is not reached, the situation in the Strait of Hormuz could continue to be tense and seriously affect the world energy market.
If an agreement is not reached, the world may face a serious economic recession," Mr. Trump said.
According to the published content, the agreement lays the foundation for a 60-day ceasefire, while paving the way for deeper negotiations on Iran's nuclear program as well as a long-term peace agreement in the Middle East.
One of the notable contents is that the US agreed to discuss a plan to handle Iran's stockpile of about 440kg of high-enriched uranium. The Trump administration said that this uranium could be diluted under the supervision of the International Atomic Energy Agency (IAEA).
Mr. Trump also sent a softer signal to Tehran, saying that Iran has the right to enrich uranium for civilian purposes. Besides, he did not mention requesting Iran to completely abandon its ballistic missile program.
The agreement also includes many economic support measures for Iran. These include lifting US naval blockades of Iranian ports, allowing Iranian crude oil to be re-exported, and considering easing international sanctions.
In addition, Washington also left open the possibility of freezing billions of USD of Iranian assets that are being frozen abroad.
That is not our money, but their money. If it is not returned, no one will want to invest in the USD anymore," Mr. Trump said.
Another content in the agreement is a plan to establish an Iranian reconstruction fund worth about 300 billion USD with capital expected to come from Gulf countries. However, Mr. Trump affirmed that the US will not contribute to this fund.
According to US officials, Iran also pledged to restrain allied forces in the region, including Hezbollah in Lebanon, and reaffirmed that it does not develop or possess nuclear weapons.
The document also stipulates that commercial ships are free to circulate through the Strait of Hormuz for 60 days. However, Iranian Parliament Speaker Mohammad Bagher Ghalibaf said that after this deadline, Tehran may apply a fee mechanism to ships passing through this strategic maritime route.
However, many experts believe that the process of implementing the agreement still faces many challenges, especially issues related to the nuclear program, ballistic missiles and Iran's influence on allied forces in the region.
