Iran wants to retain some ballistic missiles: Just hours after signing a peace agreement with Iran, US President Donald Trump said Iran should be allowed to retain some ballistic missiles, arguing that several countries in the region, including Saudi Arabia and Qatar, possess similar weapons. Speaking in France, Trump suggested that ballistic missiles were not the main concern in the ongoing negotiations, stressing that nuclear weapons remained the bigger issue.

Iran Foreign Ministry spokesman Esmaeil Baghaei said Tehran would closely monitor whether the US fulfils its commitments under the agreement. He warned that Iran would not honour its obligations if the US failed to do the same. Baghaei stated that Iran’s ballistic missile programme is non-negotiable and rejected any suggestion that the country would export its stockpile of highly enriched uranium.

Oil markets respond: The reopening of the Strait of Hormuz, through which a share of the world’s oil and gas supplies passes, helped ease fears of disruption in energy markets. Oil prices fell in early trading, with both Brent crude and US West Texas Intermediate declining by more than 1% following the agreement, Al Jazeera reported.

Follow The Indian Express Global Desk’s live coverage for the latest updates from the Middle East, the diplomatic corridors of Europe, and the evolving legal battles in Washington.