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Here’s a rundown of all the news you need to start your Wednesday, including Israeli media revealing details of a 15-point plan submitted by the US to Iran aimed at ending the war in the Middle East, US President Donald Trump saying that Washington is in contact with the "right" Iranian interlocutors, and Iran allowing safe passage through the Strait of Hormuz to vessels not involved in “aggression.”
TOP STORIES
A media report revealed the details of a plan submitted by the US to Iran aimed at ending the war in the Middle East after President Donald Trump said Washington and Tehran had reached 15 “major points of agreements.”
It includes the dismantling of all existing Iranian nuclear capabilities and a commitment that Iran will never pursue a nuclear weapon, Israel's Channel 12 reported.
There would be no production of weapons-grade nuclear material on Iranian soil and all enriched material would be handed over to the International Atomic Energy Agency (IAEA) within an agreed timeline, it said.
Iran’s Natanz, Isfahan and Fordow nuclear sites would be decommissioned and destroyed and the IAEA would get full access to all information in regards to Iran’s nuclear program, the report said, adding that Iran would cease the funding, directing and arming of its proxies in the region.
In addition, the Strait of Hormuz will remain open and a free maritime zone and "no one will block it."
US President Donald Trump said that Washington is in contact with the "right" Iranian interlocutors and that Tehran is eager to reach a deal to end the war.
"Nobody knows who to talk to, but we're actually talking to the right people," Trump said at the swearing-in ceremony for the US Secretary of Homeland Security.
"They want to make a deal so badly. You have no idea how badly they want to make a deal," he added.
The remarks follow a CNN report saying that Washington had reached out to Tehran through various intermediaries in recent days to explore whether an agreement was possible, though nothing had yet risen to the level of formal negotiations.
Iran's permanent mission to the UN said that "non-hostile vessels" may use the Strait of Hormuz, provided that they are not involved in acts of "aggression" against Tehran.
"Non-hostile vessels, including those belonging to or associated with other States, may — provided that they neither participate in nor support acts of aggression against Iran and fully comply with the declared safety and security regulations — benefit from safe passage through the Strait of Hormuz in coordination with the competent Iranian authorities," the mission wrote on the US social media company X’s platform.
NEWS IN BRIEF
BUSINESS & ECONOMY
Global oil prices dropped as Brent crude saw $97 per barrel amid renewed hopes for diplomatic efforts to ease tensions in the Middle East.
International benchmark Brent crude futures traded at $98.20 per barrel as of 0030GMT Wednesday.
Prices declined after reports surfaced regarding new negotiations to stabilize the region and prevent supply disruptions.
QatarEnergy said it has declared “force majeure” on some liquefied natural gas (LNG) supply contracts with four countries following Iranian missile attacks that damaged key facilities.
The measure applies to contracts with China, Italy, Belgium and South Korea, it said in a statement cited by Qatari media, including Al Jazeera and Al Sharq.
“Force majeure” is a legal clause in contracts, particularly long-term oil and gas supply agreements, that allows suppliers to suspend obligations such as delivery schedules without penalties due to events beyond their control, such as attacks on key infrastructure.
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