Tasnim � Iranian President Hassan Rouhani and his Russian counterpart Vladimir Putin held talks about Iran�s new initiative for a regional peace coalition in the Persian Gulf.

Rouhani and the Russian leader met on Tuesday on the sidelines of a summit of the Eurasian Economic Union (EAEU) in Armenia�s capital Yerevan.

In the meeting, the Iranian president hailed the 2015 nuclear deal, known as the Joint Comprehensive Plan of Action (JCPOA), as a good example of success of multilateral diplomacy in settling the international issues.

Rouhani emphasized that in order for the JCPOA to be successful, all parties to the agreement should honor their commitments and all other counties should support it as well.

The Iranian president also highlighted Russia�s significant role in the implementation of the JCPOA.

He further pointed to Iran�s principled policy of protecting peace and stability in the region, as in the Persian Gulf, and ensuring the safety of navigation in the Strait of Hormuz, and said, �Sustainable security and peace in the Persian Gulf, the Sea of Oman and the Strait of Hormuz would be ensured only with collaboration between this region�s countries.�

Rouhani also underlined that Iran�s new initiative, known as the �Hormuz Peace Endeavor�, is aimed at promoting regional peace, stability and progress, as well as mutual understanding and peaceful relations, IFP reported.

He went on to say that the Iranian initiative is to include various types of cooperation, such as collective efforts for energy safety, freedom of navigation, and freedom of oil transportation for the Hormuz regional states and beyond.

For his part, Putin reaffirmed Russia�s support for the JCPOA, stressing that Moscow will do its utmost to push all signatories to the nuclear deal to honor it.

He also welcomed the beginning of official trade cooperation between Iran and the EAEU, saying it would contribute to more regional convergence and development.

The two presidents also urged the need for the development of Tehran-Moscow ties in all fields of mutual interest, and discussed details of the Hormuz Peace Endeavor (HOPE) plan, which was put forward by Rouhani in a recent meeting of the UN General Assembly in New York.