Trump Announces Preliminary Iran Agreement at G7 Summit

President Trump spoke to the media at the G7 summit in Evian-les-Bains, France. During the conference, he discussed a preliminary agreement with Iran to end military conflicts.

Senior officials, speaking anonymously, revealed the terms of the agreement. Iran has not yet disclosed details. On Sunday, Trump mentioned an agreement existed, but specifics were shared only on Wednesday. This delay fueled speculation about the framework’s content.

The agreement, read by a senior official, declares the end of military actions by the U.S. and Iran, including in Lebanon. Both nations commit to no further conflicts. They agreed to a 60-day negotiation period for a final deal, which may be extended if both parties consent.

Upon signing, expected soon, the U.S. will start lifting a naval blockade, completing this within 30 days if a final deal is reached. Iran agreed to ensure the safe, cost-free passage of commercial vessels between the Persian Gulf and the Sea of Oman for 60 days.

A fund for Iran’s reconstruction and economic growth will be arranged by the U.S. with regional allies, potentially reaching $300 billion. Trump stated the U.S. would not contribute directly, but other nations might invest.

The agreement includes lifting U.S. sanctions upon a final deal. Iran pledged not to develop nuclear weapons. The two countries will create a plan to manage Iran’s enriched uranium stockpile.

While sanctions stay until a final deal, the U.S. will issue waivers allowing Iranian oil exports and related financial transactions. Once a final deal is completed, restricted Iranian funds will be available again.

Further negotiations will cover monitoring and compliance mechanisms. Trump noted that Iran is willing to cooperate. He emphasized that economic benefits for Iran will depend on merit, not U.S. funding.

Trump explained that the agreement aimed to stabilize the economy. He warned that without it, prolonged military action would disrupt global trade, particularly through the Strait of Hormuz. Prolonged conflict had previously hurt the economy, raising oil prices and impacting public opinion as reflected in polls.