Trump defends Iran deal, says critics are “jealous, bad people, or stupid”

The Trump administration signed an interim ceasefire memorandum with Iran that took immediate effect, laying out steps to reopen shipping through the Strait of Hormuz, issue U.S. waivers for Iranian oil exports and start a 60day nuclear negotiating process. The document also includes provisions such as international monitoring of the dilution of Iran’s highly enriched uranium stockpile. The development directly eases geopolitical supply risks in the Middle East, creating a materially bearish catalyst for oil markets.