US Secretary of State Marco Rubio said a deal to end the war with Iran could emerge that day. His comments followed market moves driven by optimism that the US and Iran were close to an agreement that could secure a lasting end to the three-month war and reopen the Strait of Hormuz. Oil prices fell sharply, with Brent crude futures dropping to a two-week low, while Asian shares rose. Rubio said the US had a solid proposal focused on opening the straits and noted support in the Gulf. Donald Trump tempered expectations, saying negotiators should not rush and that the blockade would remain until an agreement is certified and signed. Critics argued the potential deal offered little beyond the 2015 nuclear agreement.
"US secretary of state Marco Rubio said on Monday that a deal to end the war with Iran could materialise today. His comments came after oil prices plunged and Asian shares rose earlier in the day amid optimism that the US and Iran were close to an agreement that might secure a lasting end to the three-month war and reopen the strait of Hormuz. Oil prices hit a two-week low, with Brent crude futures falling 4.5% to $98.83 a barrel by 11.50pm GMT."
"We thought we might have some news last night, maybe today I wouldn't read too much into it, Rubio said in New Delhi of a potential agreement. We have what I think is a pretty solid thing on the table in terms of their ability to open up the straits, he said. It has a lot of support in the Gulf. Marco Rubio talking to journalists in New Delhi during an official visit to India."
"Negotiations with Iran were proceeding in an orderly and constructive manner, the US president said. Middle East officials told the Associated Press on Sunday that the US was close to reaching a deal with Iran that would end the war and reopen the strait, a vital conduit for global energy supplies. On Sunday Trump said the US blockade on Iranian ships in the Hormuz strait would remain in full force and effect until an agreement is reached, certified and signed. Both sides must take their time and get it right, he added."
Read at www.theguardian.com
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