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New Delhi: An important agreement has been reached between America and Iran. Both countries have agreed to gradually reopen the Strait of Hormuz. In return, America is ready to ease its naval blockade. With this agreement, the hope of reducing the crisis on global energy supply has increased.

Al Arabiya sources claim

Sources of Al Arabiya News Channel said that this agreement has been reached between the two parties. Iran had closed this strait when the conflict started, due to which the supply of oil around the world was affected. Sources said, “In exchange for easing the blockade, it has been agreed to open the Strait of Hormuz in a phased manner. The ships stuck in the Strait will be released in the coming few hours.”

Trump’s positive statement

US President Donald Trump said today that talks with Iran are going “very well”. He expressed hope that the war would end soon. Before this development, Tehran was considering a 14-point memorandum of understanding (MoU) proposed by Washington.

Main terms of the agreement

According to reports, in the agreement Iran may promise to stop nuclear enrichment. In return, America is ready to lift its sanctions and release billions of dollars stuck in Iran. Both countries will also remove restrictions on movement in the strait. Earlier, Reuters, quoting Pakistani sources, had also reported that both the countries have come close to a brief one-page agreement.

boom in stock markets

This news led to a rise in Asian stock markets. Tokyo’s Nikkei 225 index rose by 5.7 percent and reached a new record level. Investors are hoping that the movement of oil tankers from the Persian Gulf will be able to resume.

This agreement will not only reduce tension between the two countries but can also prove to be a relief step for the economy and energy security of the world. At present, official confirmation is awaited from both the parties.