Exclusive: Oman proposes Strait of Hormuz fee plan. Under the proposal, Iran and Oman would collect payment for ships passing through the Strait and would call it a service fee not tolls. w/ @viviannereim@ErikaSolomon
https://t.co/yd6LZFVRYM
🔴 Al Arabiya English has obtained a copy of the US-Iran memorandum of understanding. The document includes the following key points:
🔴 Iran and the US, together with their allies in the current war, declare upon the signing of this Memorandum of Understanding an immediate and permanent end to the war on all fronts, including Lebanon, and undertake that from now on they will not launch any hostile action against each other, and will refrain from the threat or use of force against each other
🔴 Iran and the US undertake to respect each other’s sovereignty and territorial integrity, and to refrain from interfering in each other’s internal affairs
🔴 Iran and the US undertake to negotiate and reach a final agreement within a maximum period of 60 days, extendable by mutual consent
🔴 Immediately upon the signing of this Memorandum of Understanding, the United States will lift the naval blockade and prevent any interference or obstruction against Iran, and restore traffic within a maximum of 30 days to its full capacity; the traffic of ships shall be proportional to the pre-war volume of traffic on Iran’s part
🔴 The US also undertakes to withdraw its forces from the surrounding areas within 30 days after the final agreement
🔴 Upon signing this Memorandum of Understanding, Iran will immediately take steps to ensure that the movement of merchant ships from the Arabian Gulf to the Sea of Oman and vice versa is resumed within 30 days to the pre-war volume, taking into account the need for the removal of technical obstacles and the neutralization of mines by Iran
🔴 The US undertakes, together with its regional partners, to create a comprehensive plan agreed upon by both parties for the rehabilitation and economic development of Iran, while ensuring financing of at least $300 billion
🔴 The implementation mechanism of this plan, as part of the final agreement, will be formulated within 60 days
🔴 The United States commits to ending, on a schedule to be agreed upon as part of the final agreement, all types of sanctions currently facing Iran, including resolutions of the United Nations Security Council and the Board of Governors of the International Atomic Energy Agency (IAEA), and all unilateral US sanctions, both primary and secondary
🔴 Iran reiterates that it will never produce nuclear weapons
🔴 Iran and the US have agreed that the fate of enriched material and the fate of all other mutually agreed nuclear-related issues, including Iran’s nuclear needs, will be adequately addressed in a final agreement
🔴 Iran and the US agree that, pending a final agreement, they will maintain the status quo: Iran will maintain the status quo on its nuclear program, and the US will not impose new sanctions on Iran or strengthen its forces in the region
🔴 The US undertakes that immediately after the signing of this Memorandum of Understanding, and until the date of the lifting of sanctions, the US Treasury Department will issue waivers for exports of Iranian crude oil, petrochemical products and their derivatives, and all related services, including banking, insurance, transportation, and the like
🔴 The US undertakes that, in light of the progress of negotiations towards a final agreement, frozen or restricted funds and assets of Iran will be released and made fully available
🔴 These funds, whether held in the master account or transferred, will be used for any final beneficiary payment determined by the Central Bank of Iran and will be fully available for use. The US undertakes to issue all necessary permits and licenses on this basis
🔴 Iran and the US agree that an implementation mechanism will be established to oversee the successful implementation of and future commitment to the Final Agreement
🔴 Following the signing of this Memorandum of Understanding, and upon receipt of assurances regarding the commencement of implementation of Articles 4, 5, 10, and 11 of this Memorandum of Understanding, and the continued implementation of these steps, Iran and the US will enter into negotiations for a Final Agreement solely with respect to the remaining Articles
🔴 The final agreement will be approved through a binding resolution of the UN Security Council
Kuwait continues to strip people of citizenship
Among the affected:
One of its most famous actors: Daoud Hussein
One of its most famous singers: Nawal al-Kuwaitia
And now, according to @alaraby_ar, one of its most famous novelists: Taleb Al-Rifai
Bahrain’s High Criminal Court sentenced 12 defendants to 10 years in prison on charges of "supporting, encouraging, and favoring the criminal, terrorist Iranian attacks against the Kingdom of Bahrain."
"The charges also included obtaining and broadcasting restricted vital data, filming prohibited locations, and broadcasting false news and rumors across social media platforms during the brutal Iranian aggression to which the Kingdom of Bahrain was subjected."
https://t.co/QUGlcPrBKi
Amazing if four months of war comes to an end with J.D. Vance getting an email "Please DocuSign these documents: IranUSA_MOU_Final_FINAL_ActuallyFinal_V43"
Come work with me as we expand our presence in the Gulf!
The New York Times is looking for a seasoned reporter to cover business, economics and wealth in the Gulf countries:
https://t.co/C0SvldG8Wn
HM the King of Bahrain has made a rare rebuke of some legislators for “siding with traitors” after the recent citizenship revocations and changes to nationality law. HM “keen on” integrity/purity of the parliament, possibly foreshadowing repercussions https://t.co/MYsJ2SI9Dv
This from the great @ZiadMDaoud explains a lot:
"Last year, oil averaged about $67 per barrel. That was enough to give the UAE a budget surplus of nearly 5% of GDP, but the same price gave Saudi a budget deficit of about 5% of GDP"
The crux of the internal tension #OPEC
NEW🇦🇪: With #UAE commentators back at it today, talking about yet another “surprise,” expectations are shifting toward a possible Emirati pullout from the Arab League and/or the Organization of Islamic Cooperation (OIC).
Such a move would remain far less consequential than the #Opec+ exit.
Ten years ago, I attended an unusual press conference in Riyadh where MBS, then deputy crown prince, announced the launch of Vision 2030.
The social changes in Saudi Arabia since then have been staggering. Here, I took stock of the economic side of the equation, which has been more mixed: https://t.co/ce8M7YaGkW
I was able to write for the Times about the obstacles in covering Iran, always and especially at this moment, and how I've managed to find ways around them over the years https://t.co/zTatydq1yi
I was freelance for four years and i think things have only deteriorated since. People who don't work in this field are often shocked when you tell them how low the wages are. How long you wait to get paid and how much you have to beat down accounting departments' doors to get money you are owed for work you did months ago. How little support there is from media outlets who themselves are all stretched. How some editors (not all) can just change their minds half way through an assignment and decide that they don't want your work anymore (ie, you don't get paid, or get paid a fraction of the original agreed sum), or decide that they are going to get a staffer to do the job instead.
“When you don’t live in Dubai, you underestimate how convenient everything is and how cushy of a lifestyle we have ... I mean, we’re in the middle of an active war zone and we came to the ice rink.” https://t.co/ABp2TPlvfV
Anwar Gargash, adviser to UAE's president, says: the UAE "does not need equipment or manpower as much as it needs clarity of stances and the knowledge of who can truly be relied upon in times of adversity."
منذ بدء العدوان الإيراني الغاشم، تواصلت الدول الشقيقة والصديقة، فتميّزت المواقف بين من عرض دعماً صادقاً يُقدَّر ويُشكر عليه، ومن اكتفى بالتصريحات دون فعل.
الإمارات أثبتت قدرتها على التصدي والصمود، وهي لا تحتاج إلى العدة والعديد بقدر ما تحتاج إلى وضوح المواقف ومعرفة من يُعتمد عليه وقت الشدائد.