Macron: France and UK to Lead Hormuz Mission
French President Emmanuel Macron announced that France and the United Kingdom are prepared to lead an international mission in the Strait of Hormuz, with support from the Netherlands and Italy, to reopen the strait following an agreement between the United States and Iran to end the war and lift the sanctions on Iran. He confirmed that the mission could be deployed within two or three days and stated that he would work to prevent the imposition of transit fees that conflict with international law. Additionally, there is a need to supervise the disruption of Iranian uranium enrichment activities under the oversight of the International Atomic Energy Agency. The agreement ensures the revival of navigation through the strait, which transports 20% of the world's oil supplies, leading to a roughly 4% decrease in oil prices in response to these developments.
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