Trump and Iran's president sign initial deal aiming to end war
Summary
US President Donald Trump and Iran's President Masoud Pezeshkian signed an initial peace deal aimed at ending the war between the two countries. The deal allows for immediate reopening of the Strait of Hormuz, stops US sanctions on Iran, and starts a $300 billion reconstruction plan, while negotiations on Iran’s nuclear program will continue for up to 60 days.Key Facts
- The US and Iran signed a preliminary peace agreement in France during the G7 summit.
- The deal reopens the Strait of Hormuz, a vital waterway for global oil and gas trade.
- The US agreed to end all types of sanctions on Iran as part of the agreement.
- A $300 billion plan is included for Iran’s reconstruction after the conflict.
- The nuclear issue remains unresolved, with up to 60 days to negotiate a final deal.
- Iran agreed not to develop nuclear weapons and to dilute enriched uranium on site under UN supervision.
- Iran may start charging fees for ships passing through the Strait of Hormuz after 60 days.
- President Trump warned the US would respond strongly if a final deal is not reached.
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