US and Iran to Sign Memorandum of Understanding to End War on Friday

President Trump and Iran's Supreme National Security Council confirmed on Sunday that the two nations will sign a memorandum of understanding to end the war between the two countries.

The Details: Trump announced the deal on Truth Social Sunday night, and Iran's Supreme National Security Council confirmed it shortly thereafter. The two nations are expected to sign the agreement, which will open the Strait of Hormuz for mine removal and then shipping, on Friday. Key points regarding Iran's nuclear capabilities will reportedly be negotiated over the next two months. Oil futures swiftly fell around 4% when the agreement was announced. CNN Opinion (Left) ran the headline, "Trump says oil prices will drop like a rock. It'll be more like a feather."

Israeli Position: On Friday, when reports surrounding the agreement were emerging, Israeli outlet Ynet spoke to Israeli officials who were unhappy with it. One said, "Trump screwed us." Another said it "looks very bad." On Sunday, Trump told The New York Times (Lean Left bias) that Israeli Prime Minister Benjamin Netanyahu objected to the agreement. Of Netanyahu, he said, "He's a very difficult guy. And to be honest with you, he should be very thankful to us for doing this. Because if Iran had a nuclear weapon, Israel wouldn't be around for two hours." Qatari outlet Al Jazeera (Lean Left) highlighted this atop its live coverage of the agreement.

US Quote: Trump wrote, "Congratulations to all! I hereby fully authorize the toll free opening of the Strait of Hormuz, and, simultaneously herewith, authorize the immediate removal of the United States Naval blockade. Ships of the World, start your engines. Let the oil flow!" He added, "This Great Deal will bring Peace and Security to the whole Region. Many presidents have tried to make Peace with Iran, and all have failed before me. The Leaders of the Region have, for the first time, found a President who can help them achieve real Peace."

Iranian Quote: Iran's security council wrote, "Based on the agreements made, the war and military operations on all fronts, including Lebanon, will end immediately and permanently starting tonight. Furthermore, the naval blockade against Iran will cease immediately and completely. The signing of this memorandum of understanding will officially take place on Friday, Khordad 29. Negotiations for a final agreement will be postponed until after the opposing party implements its commitments according to the memorandum of understanding. The Islamic Republic of Iran expresses its gratitude for the efforts of the Islamic Republic of Pakistan and the government of Qatar."

Previous Ceasefire Storylines: Last week, the US and Iran exchanged strikes after a US helicopter was shot down over the Strait of Hormuz. Earlier in June, Israel and Iran exchanged strikes for the first time since the initial US-Israel-Iran ceasefire in early April. Though there were many mainstream reports that the two nations were close to a ceasefire and nuclear deal in late May, just days thereafter, the US and Iran exchanged strikes, with the US claiming its strikes were retaliatory. Earlier in May, Iran had sent a counterproposal to a ceasefire offered by President Trump, though he said it was unacceptable.

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