Trump’s Iran Deal Kicks In as Focus Shifts to Hormuz Flows (2)

US President Donald Trump’s interim peace deal with Iran is starting to take effect, with focus shifting to the resumption of shipping through the Strait of Hormuz and a complex 60-day negotiating period over Tehran’s nuclear program.

Trump signed the so-called memorandum of understanding at the Palace of Versailles near Paris on Wednesday evening, at the end of a Group of Seven summit. He was flanked by world and business leaders, including French President Emmanuel Macron and Blackstone Inc. Chief Executive Officer Steve Schwarzman, who applauded as he did so.

“Oil is flowing,” Trump posted on Truth Social ...