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The US and Iran are set to sign a peace deal, reopening the critical Strait of Hormuz to oil transports and promising global economic relief. But at the same time, Israel continues to wage war in Lebanon, creating uncertainty over both the deal and broader peace in the Middle East.
Transcript
00:02Outside the White House Sunday, it's a typical mix of protesters and out-of-towners who've come
00:07for a look at the heart of the U.S. presidency. Today, there's a special mood, though, after U.S.
00:13President Donald Trump posted a message on social media. He says he has reached a deal with Iran
00:18that will end months of war and reopen the Strait of Hormuz to oil traffic, critical for the global
00:24economy. Trump has said many times that a deal was near, but this time Iran has given its
00:32confirmation via announcements on state TV. A permanent and immediate end to the war and
00:40military operations on all fronts, including Lebanon. The U.S. and Iran will sign the deal
00:47Friday. And while full details are unclear, the U.S. will lift a blockade on Iranian ports and
00:53ease sanctions, while the more thorny issue of Iran's nuclear program has been shelved for later.
00:59Both sides are treating the deal as a victory. The reaction to all this at the White House front
01:04gate? A mix of relief, hope, and uncertainty. My reaction is, I hope that this is a real,
01:11sincere peace plan, because we've seen many times, maybe five or six different times, that Donald Trump,
01:19our president, has stated that there is going to be peace between the United States and Iran.
01:26I hope and I pray that this happens. I'm always worried that someone will change their mind or
01:33something will happen to negate the peace deal. The price of gas affects so many things. The price of
01:43living depends on the price of gas. And in the long term, those things are worrying.
01:52Markets have reacted positively. Hopes that stranded oil tankers can resume traffic through the Strait
01:57of Hormuz sent oil prices down during early Monday trading in Asia. Brent crude, the global benchmark,
02:03was down almost 4%. But the peace deal isn't in the clear yet. There are still fears that Israel's
02:12continuing attacks in neighboring Lebanon could derail this tenuous truce. Iran has said that any
02:18agreement should also stop fighting in Lebanon. Israel says it is defending itself from Hezbollah,
02:24an Iranian proxy militia. Even as hints of the U.S.-Iran deal broke on Sunday, Israel stepped up strikes
02:32in southern Lebanon. And so, with days to go before it's signed, there are questions about whether
02:38this deal can really achieve what it's setting out to do, ending more than three months of war that has
02:43engulfed the Middle East and shaken the world economy. Joseph Wu and John Van Trieste for Taiwan Plus.
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