Trump and Iran's president sign initial deal aiming to end war
BBC News 2026-06-18 03:03:29
Context: US President Donald Trump and Iranian President Masoud Pezeshkian signed an initial peace deal in France during the G7 summit, aiming to end the war between the two countries. The agreement, which took effect immediately, includes the reopening of the Strait of Hormuz and a $300bn plan for Iran's reconstruction, as well as the US terminating "all types of sanctions" on Iran. However, the issue of Iran's nuclear program remains to be negotiated over an extendable 60-day period.
Key Facts
- The US and Iran signed a memorandum of understanding that includes the "immediate and permanent termination of military operations on all fronts, including in Lebanon," and the reopening of the Strait of Hormuz, a key trade waterway that controls around 20% of the world's oil and liquefied natural gas (LNG).
- The agreement includes a $300bn plan for Iran's reconstruction, and the US will terminate "all types of sanctions" on Iran, with Trump defending the proposal as a way to stave off an "economic catastrophe."
- Iranian President Masoud Pezeshkian and US President Donald Trump signed the deal in France during the G7 summit, with the Iranian parliamentary speaker Mohammad Bagher Ghalibaf expressing distrust of the US and stating that Iran's "finger is on the trigger."
- The deal leaves core sticking points unresolved, including the issue of Iran's nuclear program, which will be negotiated over an extendable 60-day period, with Iran reaffirming that it shall not procure or develop nuclear weapons.
- The US and Iran will "commit to negotiating and achieving the final deal in maximum 60 days, extendable with mutual consent," with Trump warning that the US would "bomb the hell" out of Iran if no final deal emerged.