US releases text of Iran peace plan as Trump says deal averts ‘worldwide depression’

The Trump administration unveiled a 14-point agreement with Iran, touting it as a "major win" despite heavy concessions aimed at calming the Middle East tensions and preventing economic turmoil. The deal seeks to reopen the Strait of Hormuz, a crucial global shipping route, thus averting potential "worldwide depression." This move is seen as a significant diplomatic effort to de-escalate regional conflicts and stabilize international markets, but it raises questions about the long-term implications for US foreign policy and Iran's influence in the region.