MMi Daily Iron Ore Report (June 12)

Trump: The deal with Iran has now been reached. Congratulations to all! I hereby fully authorize free passage through the Strait of Hormuz, and simultaneously authorize the immediate lifting of the US maritime blockade. Ships of the world, start your engines. Let the oil flow! Pakistan Prime Minister Sharif Shehbaz stated: "After several rounds of intensive negotiations, we are pleased to announce that the US and Iran have reached a peace agreement. Both sides have declared an immediate and permanent cessation of military operations on all fronts, and hostilities within Lebanese territory have also been concurrently halted. The official signing ceremony of the agreement will take place on Friday, June 19, in Switzerland. We commend the United States and the Islamic Republic of Iran for their commitment to resolving the conflict through diplomatic channels. At the same time, we extend sincere gratitude to the leadership of Qatar, whose mediation efforts provided substantial support in finalizing this agreement. Special thanks are also due to the visionary leadership of the Kingdom of Saudi Arabia and the Republic of Turkey, both of which made immense contributions. The agreement has now been finalised, and the mediators will lead a series of talks this week. These preliminary consultations ahead of implementation will lay a solid foundation for subsequent technical negotiations and the formal signing ceremony."