Cointime

Download App
iOS & Android

Middle East Situation Update: Full US-Iran Agreement to be Released Soon, WTI Oil Drops 7%

On June 17, various parties continued to signal developments regarding the US-Iran agreement, the Lebanon-Israel conflict, and the situation in the Strait of Hormuz. Trump stated that negotiations for the US-Iran agreement have entered the second phase and that the agreement will explicitly prohibit Iran from possessing nuclear weapons, with the full text to be released soon, possibly even read aloud verbatim. On the Iranian side, the Central Headquarters of the Iranian Armed Forces, Khatam al-Anbia, accused Israel of violating the Lebanese ceasefire agreement 84 times in the past two days and warned that military responses would be taken if violations continue. The Iranian Revolutionary Guard emphasized that Hezbollah has demonstrated strong capabilities in recent conflicts and will "never be destroyed." Iranian Foreign Minister Zarif stated that nuclear issues will be discussed in the final stages of negotiations, and ending the Lebanon war is a necessary condition for ending the Iranian conflict. An advisor from the Iranian Foreign Ministry reiterated that missile programs and support for regional allies are non-negotiable. On the US side, Israeli media reported that some US military refueling aircraft have begun to withdraw from Israel. Additionally, reports indicate that the US is allowing Iran to immediately resume oil exports and is secretly transporting oil from the Gulf. Trump mentioned that the US is not in a hurry to obtain Iranian nuclear materials but will destroy relevant nuclear materials at the appropriate time. US Vice President Pence emphasized that no US government funds will be provided to Iran. From Israel, the military reported successfully intercepting rockets launched from Lebanon. Prime Minister Netanyahu stated that Iran will not obtain nuclear weapons, regardless of whether an agreement is reached. According to Israeli media, Israel had requested to view the contents of the US-Iran understanding memorandum but was denied. Regarding the Strait of Hormuz, an Iranian deputy foreign minister stated that the US has lifted some of its blockade on Iran. US intelligence agencies believe that Iran still has the capability to close the Strait of Hormuz again. The Iranian Vice President stated that Tehran will continue to maintain control over the Strait of Hormuz. In international oil markets, WTI crude oil dropped 7%, and Brent crude fell below $80 for the first time since early March. In ceasefire negotiations, Saudi media disclosed the 14-point memorandum of understanding between the US and Iran, which proposes the establishment of a $300 billion private fund that does not involve government funds. The Iranian deputy foreign minister stated that Speaker Qalibaf will attend the signing ceremony of the US-Iran memorandum, and the next phase will discuss uranium enrichment, nuclear stockpiles, and Iran's nuclear needs. Additionally, Hezbollah's media liaison office revealed that Iran has committed not to sign a final nuclear agreement with the US unless Israel withdraws from Lebanon. Qalibaf stated that Israel must withdraw from Lebanon. Trump considers the Israel-Lebanon conflict to be a "small-scale war" that will not affect the progress of the Iran agreement.

Comments

All Comments

Recommended for you

  • Amazon Shares Surge 15.2%, Biggest Gain Since 2012

    On July 31, Amazon shares surged 15.2% to $271.255 per share, marking their biggest gain since 2012, with a total market value of $2.92 trillion.
  • US Treasury Secretary Bessent Vows to Track Down Iranian Assets Globally for Terror Victims

    US Treasury Secretary Bessent said the US will actively track down Iranian assets worldwide to ensure compensation funds for victims of Iran-backed terrorist activities. Bessent stated that the US government's military and economic blockade measures against the Iranian regime will continue and will not be relaxed. (Jinshi)
  • Apple Plunges Nearly 10%, Q4 Revenue Guidance Misses Expectations

    On July 31, Apple (AAPL.US) plunged nearly 10% to $300.33, marking its biggest drop since April 2025. In terms of fundamentals, Apple's third-fiscal-quarter revenue rose approximately 16% year-over-year to $109.42 billion, slightly above analyst expectations. Among the details, product revenue came in at $78.68 billion, beating the expected $77.25 billion. However, services revenue—a key driver of its valuation re-rating in recent years—totaled $30.74 billion, missing the consensus estimate of $31.36 billion. Additionally, Greater China revenue reached $18.82 billion, with year-over-year growth slowing to 22%, also below analysts' forecast of $19.58 billion. During the earnings call, Apple guided fourth-fiscal-quarter revenue growth in the range of 9% to 11%, overall below the 12.1% analysts had expected. CFO Parekh noted that component supply constraints would impact iPhone, Mac, and iPad businesses in the fourth fiscal quarter, with currency fluctuations also constraining growth.
  • Three Fed Officials Back Rate Hike, Hawkish Pressure Builds

    On July 31, three Federal Reserve policymakers said that dissenting votes in favor of a rate hike this week stemmed from stubborn inflationary pressures, highlighting rising internal pressure on Fed Chair Warsh to act. In statements released Friday morning, Hammack and Kashkari said they worry that although the current round of price increases may stem from short-term factors such as President Trump's tariff policies and the Iran war, the inflation situation already warrants Fed action. Logan also joined in, saying that even if inflation cools, if the Fed does not raise rates, inflation is unlikely to fully fall back to the Fed's 2% target; without any policy constraints, inflation could continue to run above target until an unexpected shock occurs. Kashkari said that if inflation remains persistently stubborn, he might support a series of rate hikes, not just a single increase, to prevent inflation from becoming further entrenched. He said: "A series of small policy adjustments may be preferable to waiting for developments to unfold and ultimately having to take more forceful action." Hammack said that if the Fed does not tighten policy, price increases could continue to accelerate. She said: "Inflation has been stubbornly above 2% for more than five years, and I have no confidence that it will return to our target on its own." (Jin Shi)
  • US 10-Year Treasury Yield Rises to 4.7388%, Highest Since January 2025

    On July 31, the US 10-year Treasury yield rose to 4.7388%, the highest level since January 2025.
  • Spot Gold Intraday Decline Widens to 2%, at $4,021.08 per Ounce

    On July 31, spot gold's intraday decline widened to 2%, reported at $4,021.08 per ounce.
  • BTC Falls Below $63,000

    Market数据显示,BTC has fallen below $63,000, currently reported at $62,985.99, with a 24-hour decline of 2.99%. Market volatility is significant, please exercise risk control.
  • Fed's Logan: Leaning Toward 25 Basis Point Rate Hike

    On July 31, Federal Reserve Governor Logan said she leans toward a 25 basis point rate hike, believing inflation has not yet entered a sustainable path back to the Fed's 2% target. Logan stated that taking moderate action now would reduce the risk of needing more aggressive tightening in the future, while emphasizing that the Fed cannot rely on unexpected shocks to achieve its inflation target.