The White House has not yet released the draft text of the memorandum of understanding (MoU) announced as completed between Iran and the United States. According to the report, further discussions are scheduled to take place this week in Qatar to finalize and resolve detailed aspects of the agreement before its formal signing in Switzerland.

The timing of the announcement was described as economically and strategically significant. It was made on Sunday evening, U.S. local time, when Asian markets were about to open. Former President Donald Trump had hinted throughout the week that a virtual agreement would be completed on Sunday, and maintaining that timeline was important for him.

Following Trump’s announcement on social media, global markets reacted immediately. Brent crude oil prices fell by 4 percent to 84 dollars per barrel, while financial markets saw a modest rise of about 0.9 percent.