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The Economic Times
The Economic Times
National

Trump veers toward exit in Iran war but risks loom

Washington: With an agreement on a framework for a peace deal with Iran, U.S. President Donald Trump may ​have found a way to begin extricating himself from an unpopular war while setting global markets on a path toward easing energy prices that have spiked during the crisis. But he has ​settled for a deal that appears short of many of the goals he outlined in the early days of the conflict, potentially opening himself up to attacks from hawks in his own party and leaving the U.S. looking strategically worse off than it did before he went to war.

More than three months after attacking the Islamic Republic, Trump on Sunday gave his approval to a "memorandum of understanding" that marks the most significant breakthrough in peace talks so far, including Iran's commitment to reopen the Strait of Hormuz, which could help lower high U.S. gasoline prices. At the same time, the Pakistani-mediated deal - the text ‌of which was not immediately released - also ⁠apparently calls for significant ⁠U.S. concessions, including deferring discussions over ending Iran's nuclear program, Trump's main stated war objective.

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