World leaders, including those from the U.K., France, Germany, and Italy, have expressed strong support for the U.S.-Iran agreement, which aims to permanently end the ongoing conflict and facilitate discussions on Iran's nuclear program.
The deal, announced after three months of war, is expected to lead to the lifting of U.S. oil sanctions and the reopening of the critical Strait of Hormuz within 30 days. U.S. President Donald Trump indicated he would authorize the removal of the naval blockade, which has affected global energy supplies.
The E4 group emphasized the importance of preventing Iran from acquiring nuclear weapons and called for rapid implementation of the agreement. Following the announcement, oil prices fell, with Brent crude dropping approximately 4% to $83 a barrel and WTI down 4.8% to $80.8, reflecting market reactions to the potential stabilization of the region.
This agreement is seen as a pivotal moment for restoring regional stability and could have significant implications for the global economy, particularly in energy markets