HomeBusinessEU chief hails US-Iran deal to end war and reopen Hormuz

EU chief hails US-Iran deal to end war and reopen Hormuz

Published on


KEY POINTS


  • EU chief Antonio Costa welcomed the US-Iran deal to end the Middle East war.
  • Washington and Tehran say they will sign the agreement on Friday in Switzerland.
  • Trump said the Strait of Hormuz would reopen and the US naval blockade would lift.

The European Union chief, Antonio Costa, on Monday welcomed a deal between the United States and Iran to end the Middle East war, and he said the bloc stands ready to contribute to a strategy for “lasting peace.” Costa, who serves as European Council President, shared his reaction on X.

Costa welcomes a path to peace

According to Costa, the agreement offers a chance to halt a conflict that has drained the region. “I look forward to an end to this costly war and to the full restoration of freedom of navigation in the Strait of Hormuz,” he wrote.

Moreover, the United States and Iran said they had reached a deal to end the war on all fronts, including Lebanon, and to reopen the vital Strait of Hormuz. However, the two sides offered little indication on the thorny question of Tehran’s nuclear program, which has long divided negotiators.

A signing set for Switzerland

The two parties said they would sign the agreement on Friday in Switzerland, signaling what would mark a major breakthrough after months of war. Indeed, the fighting has taken thousands of lives and roiled global energy markets, so a durable truce could ease pressure on oil prices.

Although officials kept most details private, US President Donald Trump said the Strait of Hormuz, a key conduit for global oil supplies, would reopen after the planned signing. Furthermore, Trump announced the breakthrough on Sunday on Truth as he marked his 80th birthday. “The Deal with the Islamic Republic of Iran is now complete,” he wrote.

In addition, Trump said he had authorized the reopening of the strait and the removal of the United States naval blockade. “Ships of the World, start your engines. Let the oil flow!” he declared. Ultimately, the announcements signaled a possible turning point in a conflict that has unsettled the region and the wider energy market for months, even as key questions about Iran’s nuclear program remain unresolved.

Latest articles

Nigeria opens 2026 licensing round with 40 oil blocks as output hits 1.82 million barrels a day

Nigeria has launched its 2026 oil licensing round, offering 40 blocks across land, shallow water and deepwater, as crude and condensate output rises to 1.82 million barrels a day.

“Even a pregnant woman suffers”: Ogun’s Oke Sefu residents beg Gov. Abiodun to fix flooded, pothole-ridden road

Residents of Oke Sefu community in Ibafo, Ogun State, are appealing to the state government to repair a flooded, pothole-ridden access road that has disrupted livelihoods.

Dangote refinery cuts off petrol sales to fuel importers over “blending” of Euro-5 product with imported grades

Dangote Petroleum Refinery has stopped selling petrol to marketers who import fuel, accusing them of blending its Euro-5 product with lower-quality imported grades.

Lionel Messi plays final Argentina match tonight against Benin after 21 years, 207 caps and 125 goals

Lionel Messi will play his final match for Argentina on Tuesday in a friendly against Benin at Buenos Aires' Estadio Monumental, ending a 21-year international career.

More like this

Nigeria opens 2026 licensing round with 40 oil blocks as output hits 1.82 million barrels a day

Nigeria has launched its 2026 oil licensing round, offering 40 blocks across land, shallow water and deepwater, as crude and condensate output rises to 1.82 million barrels a day.

“Even a pregnant woman suffers”: Ogun’s Oke Sefu residents beg Gov. Abiodun to fix flooded, pothole-ridden road

Residents of Oke Sefu community in Ibafo, Ogun State, are appealing to the state government to repair a flooded, pothole-ridden access road that has disrupted livelihoods.

Dangote refinery cuts off petrol sales to fuel importers over “blending” of Euro-5 product with imported grades

Dangote Petroleum Refinery has stopped selling petrol to marketers who import fuel, accusing them of blending its Euro-5 product with lower-quality imported grades.