Will the historic US-Iran deal in 60 days change the entire equation of the Middle East? Will the opening of the Strait of Hormuz cause a major upheaval in global oil trade and economy? Will the $300 billion reconstruction fund make Iran a new economic powerhouse? Is the world going to enter a new geopolitical era after the abandonment of nuclear weapons and the lifting of sanctions?
Washington/Tehran: The mysterious agreement about which there was a lot of speculation all over the world for the last several days, has finally been unveiled. The full outline of the tussle that was brewing behind the scenes between US President Donald Trump and Iran over the weekend has now been revealed to the world. After immense public pressure, American officials read out each and every condition of this historic document on an emergency conference call, after which a new earthquake has come in global politics.
‘Islamabad MoU’: Is this peace or the calm before a big storm?
This highly sensitive document is formally named “Islamabad Memorandum of Understanding between the United States of America and the Islamic Republic of Iran.” The agreement is to be officially signed this coming Friday. But the sensuality does not end here. Immediately after the signing, both countries will have a deadline of only 60 days to finalize the terms of the final agreement. The interesting thing is that while America has revealed the entire raw history of this megadeal, there is still a mysterious silence from Iran’s side. Tehran has not yet revealed its cards.
60 days countdown: Ceasefire decree on every front from Lebanon!
The most shocking and immediate effect of this agreement is going to be visible on the battlefields. The draft clearly states that both countries will be forced to “immediately and permanently end military operations on all fronts, including Lebanon.” This condition decided behind closed doors has suddenly forced the guns to fall silent in the war-torn areas of the Middle East. If both the parties do not reach a final conclusion within the next 60 days, then all this hard work will go in vain, due to which these 60 days are going to be no less than a suspense thriller for the whole world.
Mystery of Hormuz Strait: Naval blockade will be lifted, American forces will retreat!
A bet that no one had expected has been played regarding the ‘Strait of Hormuz’, which is called the lifeline of global trade. Under the agreement, the US has agreed to lift the entire naval blockade of Iran within the next 30 days. The fearless movement of ships that existed before the war will be restored. The biggest twist is that within just 30 days of the final agreement, America will permanently withdraw its huge forces from the strategic areas around Iran. In return, Iran has promised to provide safe passage to all commercial ships without any taxes or fees for the next 60 days.
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Complete stop on nuclear weapons: That ‘secret’ operation to destroy uranium
The most sensitive part of this entire deal is Iran’s nuclear program. Iran has finally bowed down on this issue which is giving sleepless nights to Western countries. According to the draft, Iran has fully agreed that it will never make nuclear weapons. Not only this, a secret operation will be conducted to destroy the enriched nuclear material that Iran already has, which will be carried out through “blending on site” under the strict supervision of the International Atomic Energy Agency (IAEA).
$300 billion reconstruction fund and departure of sanctions: Will Iran’s fortunes change?
The biggest lure that America has placed in front of Iran to implement this agreement is the economic package. America, along with its regional allies, is going to create a huge fund of $300 billion ($300 billion) for the rejuvenation and development of Iran. With this, all US sanctions crippling Iran’s economy will be lifted forever. The final timetable for when and in what phase the restrictions will be lifted will be decided after 60 days of talks. Now the eyes of the world are on the signing on Friday to see whether this deal will really write a new history or will fall apart in the middle!