Trump Unveils Iran Deal Framework, Says US Will Destroy Nuclear Dust — ‘I Will Be Meeting Now... To Make A Final Determination’

• Trump demanded that Iran should never have a nuclear weapon or a bomb.
• He called for unrestricted, toll-free shipping through the Strait of Hormuz and demanded that Iran remove any remaining mines in the waterway.
• The Dow Jones Industrial Average hit a 52-week high of 51,085 following a surge of 416 points.

President Donald Trump on Friday unveiled a framework for a nuclear deal with Iran, outlining the conditions Iran would have to meet to reach an agreement.

Trump stated in a post on Truth Social that the U.S. will unearth and destroy the nuclear dust buried underground in close conjunction with Iran, as well as the International Atomic Energy Agency.

“No money will be exchanged, until further notice. Other items, of far less importance, have been agreed to. I will be meeting now, in the Situation Room, to make a final determination,” he added.

Trump Lays Down Demands For Iran

Trump reiterated a list of demands he has for Iran, stating that the country should agree to never have a nuclear weapon or a bomb.

He demanded the free flow of both inbound and outbound traffic through the Strait of Hormuz, without tolls. In addition to this, the U.S. President also demanded that Iran terminate all the remaining mines in the critical waterway.

“Ships caught in the Strait due to our amazing and unprecedented Naval Blockade, which will now be lifted, may start the process of “heading home!” Say HELLO to your wives, husbands, parents, and families from me, your favorite President!,” Trump added.

Dow Soars, Crude Oil Prices Cool Down

U.S. equities gained in Friday morning’s trade, with the Dow Jones Industrial Average (DJIA) hitting a 52-week high of 51,085 following a surge of 416 points.

The S&P 500 and the Nasdaq Composite indexes were up 0.3% each at the time of writing.

Crude oil prices cooled down on Friday. U.S. West Texas Intermediate (WTI) futures expiring in July fell 1.84% to hover around $87.26 a barrel. Brent crude futures expiring in July were down 2.17%, at $90.69 a barrel.

The United States Oil Fund ETF (USO) fell more than 2%, while the ProShares Ultra Bloomberg Crude Oil ETF (UCO) was down about 4% at the time of writing.

At the time of writing, the SPDR S&P 500 ETF (SPY), which tracks the S&P 500 index, was up 0.34%; the Invesco QQQ Trust ETF (QQQ) rose 0.43%; and the SPDR Dow Jones Industrial Average ETF Trust (DIA) gained 0.78%. Retail sentiment on Stocktwits regarding the S&P 500 ETF was in the ‘bullish’ territory.

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