Trump threatened Iran with new strikes if "he doesn't like the deal"
Oil prices, which had been falling on expectations of a peace agreement, have resumed their upward trend / Photo: The White House
U.S. President Donald Trump stated that the agreement with Iran, which is expected to be signed on Friday, is not final, and that Washington is prepared to resume military operations in the Middle East if the terms of the deal do not satisfy the U.S. side. Trump made this statement during a press conference at the G7 summit, according to CNBC.
Details
According to Trump, this is not yet a final peace agreement, but rather a memorandum of understanding that is to be signed in Geneva on Friday and will extend the ceasefire between the U.S. and Iran for 60 days, thereby laying the groundwork for further negotiations on Tehran’s nuclear program and other issues, the TV channel reports.
“This is a memorandum of understanding, and if I don’t like it, we’ll start shooting at them [Iran] again and dropping bombs on their heads. If [Iran] doesn’t behave properly, we’ll start bombing them again,” Trump said.
What's going on with oil?
Against this backdrop, oil prices began to rise: August Brent futures rose by about 1%—reaching a high of $79.97 per barrel—and were trading at $79.6 at the time of publication. WTI rose 0.8% to $76.65.
Context
Trump had previously stated that a preliminary deal with Iran would have to reopen the Strait of Hormuz. On Wednesday—as the draft of this agreement was being prepared—at least three Iranian oil tankers passed through the strait for the first time in two months, which may signal a potential diplomatic breakthrough, CNBC notes.
This article is being updated
This article was AI-translated and verified by a human editor
