All posts tagged in European Union

European Council president says bloc ready to support efforts for lasting peace BRUSSELS — European Council President António Costa on Monday welcomed the reported agreement between the United States and Iran to end months of conflict across the Middle East, describing it as a significant step toward restoring regional stability and global energy security. Costa said the European Union was prepared to support efforts aimed at achieving a durable peace settlement following the breakthrough announcement by Washington and Tehran. “I look forward to an end to this costly war and to the full restoration of freedom of navigation in the Strait of Hormuz,” Costa wrote on X. His remarks came after the United States and Iran announced that they had reached an agreement to halt hostilities across the region, including in Lebanon, and reopen the strategically important Strait of Hormuz, a major route for global oil exports. The agreement, which Washington and Islamabad said is expected to be signed in Switzerland on Friday, is being viewed as a potentially major breakthrough in ending a conflict that has claimed thousands of lives, destabilised the region and disrupted international energy markets. Hormuz reopening raises hopes for energy market stability While few details of the agreement have been released, US President Donald Trump said the Strait of Hormuz would reopen following the formal signing of the deal. “The Deal with the Islamic Republic of Iran is now complete,” Trump wrote on Truth Social on Sunday as he marked his 80th birthday. “Congratulations to all! I hereby fully authorise the toll-free opening of the Strait of Hormuz, and, simultaneously herewith, authorise the immediate removal of the United States Naval blockade. Ships of the World, start your engines. Let the oil flow!” The Strait of Hormuz is one of the world's most critical maritime corridors, carrying a substantial portion of global oil and gas exports. Disruptions in the waterway during the conflict contributed to rising energy prices and heightened concerns over global supply chains. Nuclear programme remains unresolved Despite optimism surrounding the agreement, significant questions remain regarding Iran’s nuclear programme, which has long been a central point of contention between Tehran and Washington. Neither side has provided detailed information on how the deal addresses uranium enrichment, sanctions relief or future nuclear inspections. Analysts say the success of the agreement may ultimately depend on the outcome of future negotiations on Iran’s nuclear activities and the implementation of commitments by all parties involved. The European Union has consistently advocated a diplomatic solution to tensions involving Iran and has repeatedly called for efforts to prevent further escalation in the Middle East. Costa's endorsement adds to growing international support for the agreement, with several governments and international organisations expressing hope that the deal could mark the beginning of a broader and more sustainable peace process across the region. Also Read: Bolaji Ogunmola Claps Back at Critics, Considers Social Media Break

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All posts tagged in European Union

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