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The peace deal with Iran is a diplomatic pact designed to end ongoing military operations, including the conflict in Lebanon and tensions around the Strait of Hormuz. Trump described the pact as a win for his diplomacy and his signature approach, the "Art of the Deal."

According to widely circulated messages, "the deal with Iran is done. The signing is scheduled for June 19. Peace achieved!" The announcement was mediated by Pakistan, with support from Qatar, Saudi Arabia, and Turkey, marking a historic milestone after months of military escalation.

Investors are now anticipating stabilization in the Strait of Hormuz and a gradual recovery in Iranian production and exports. Consequently, oil prices may face additional downward pressure in the short term if the ceasefire holds effectively across the region.

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Article

BRICS faces its biggest internal division amidst the crisis in the Middle East

The BRICS is going through one of its most delicate moments since its inception. The meeting held in New Delhi wrapped up without an official joint statement, which is rare for a bloc that aims to show unity against the big global players.
The main reason for the deadlock was the conflict involving Iran and the developments in the Middle East. The Iranian government wanted the group to publicly condemn the military actions led by the United States and Israel. However, countries like the United Arab Emirates and other members disagreed with the tone of the proposal.

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Article

Iran formalizes control over the Strait of Hormuz.

“Iran has formalized its control over the Strait of Hormuz through the creation of a new body, the Persian Gulf Strait Authority (PGSA), which requires all vessels passing through the strait to submit an information declaration before being granted transit authorization.
The form contains more than 40 questions regarding the name of the vessel, the country of origin and destination, the nationality of the owners, operators, and crew, as well as the type of cargo.
Before the start of the conflict with the United States and Israel at the end of February 2026, the strait was freely accessible to all vessels. Now, Iran threatens to attack any vessel crossing without authorization from the IRGC.
One fifth of the world’s supply of oil and liquefied natural gas passes through the Strait, which means that control over the same gives Tehran enormous influence over the global economy.
#HormuzStrait #Irã #EnergyCrisis
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BRICS faces its biggest internal division amidst the crisis in the Middle East

Iran formalizes control over the Strait of Hormuz.

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