PARIS — The president of the European Central Bank expressed optimism Monday over a newly reached ceasefire agreement with Iran, describing the development as welcome news — particularly given its potential to reopen the Strait of Hormuz to international shipping.
Speaking on France Culture radio, the ECB president said, “If this news is confirmed by developments in the coming days and the signing of a memorandum of understanding … it is good news. We can only welcome it.”
Still, she urged caution, noting that “we have not yet finished the story,” and that “the whole question of uranium enrichment remains to be debated, agreed and concluded in the form of an agreement.”
Both U.S. and Iranian officials confirmed they had reached a preliminary agreement to bring an end to hostilities and reopen the Strait of Hormuz, a vital waterway for global oil transport. The announcement sent oil prices dropping, though the future of Tehran’s nuclear program remains subject to further negotiations.
