WASHINGTON: US President Donald Trump strongly defended his newly signed agreement with Iran, dismissing critics who claimed he made major concessions to end the Middle East conflict. Ahead of implementation talks in Switzerland, Trump described his opponents as “fools” and argued that the agreement was already producing positive economic results, including lower oil prices and record gains in financial markets.
The US-Iran agreement was formally signed after Trump and Iranian President Masoud Pezeshkian approved the accord aimed at ending weeks of regional tensions. The deal is expected to reopen the Strait of Hormuz, one of the world’s most important oil shipping routes, helping stabilize global energy markets and reducing concerns over oil supply disruptions.
Following news of the agreement, crude oil prices dropped by more than three percent, extending losses seen earlier in the week. Investors welcomed the prospect of smoother oil exports and reduced geopolitical risk in the Gulf region. Trump highlighted the decline in oil prices and the record performance of stock markets as proof that the agreement benefits both the United States and the global economy.
Pakistan also played a significant diplomatic role in facilitating the agreement. Prime Minister Shehbaz Sharif confirmed that the accord would take effect immediately and that the Strait of Hormuz would reopen. He added that technical-level discussions would continue over the next two months to address key issues, including Iran’s nuclear programme.
Under the agreement, Washington will ease certain oil sanctions on Iran and support future economic cooperation if a final nuclear understanding is reached. The deal also includes discussions on monitoring Iran’s enriched uranium stockpiles under international supervision.
Despite the diplomatic breakthrough, criticism continues from both American and Iranian hardliners. Some US lawmakers argue that the agreement provides financial relief to Iran without fully addressing concerns over its nuclear ambitions. Iranian officials, meanwhile, insist that the country’s ballistic missile programme remains non-negotiable.
As negotiations move forward, global attention remains focused on the implementation of the US-Iran deal, the future of regional stability, and its impact on oil prices, international trade, and Middle East peace.
