US-Iran deal signing ceremony in doubt, 14-point plan to be sealed ‘remotely’ in next 48 hours

US-Iran deal signing ceremony in doubt, 14-point plan to be sealed ‘remotely’ in next 48 hours

A crucial US-Iran deal is teetering on the brink of collapse, with a 14-point plan aimed at reopening the Strait of Hormuz and initiating a cease-fire potentially being signed remotely within the next 48 hours. This move is significant because the Strait of Hormuz is vital for global oil supply, passing a fifth to a quarter of the world's seaborne oil. The agreement's success could stabilize a region rife with conflict, reducing tensions that have historically threatened global energy markets and security.

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