US-Iran deal to include dismantling of Iranian nuclear program, US official says

A US official has stated that a draft deal between the United States and Iran includes the dismantling of Iran's nuclear program. Pakistani Prime Minister Shehbaz Sharif announced on Friday that the agreement had been reached. The deal also outlines the reopening of the Strait of Hormuz, a critical waterway for global oil shipments. The announcement comes amid heightened tensions in the Middle East and ongoing negotiations over Iran's nuclear capabilities. The specifics of the dismantling process and verification mechanisms have not been disclosed. The deal represents a significant diplomatic breakthrough if confirmed, with potential to reshape regional security dynamics.

Global Impact

Economically, the reopening of the Strait of Hormuz would lower global oil prices and reduce shipping costs, benefiting net importers like India and Japan while pressuring Gulf state budgets. Politically, the deal could shift Middle East alliances, potentially isolating hardliners in Iran and reducing Saudi-Israeli cooperation against Tehran.