Donald Trump announced that a peace deal with Iran is 'all signed' and that the Strait of Hormuz will be 'completely open' from Friday. He claimed that Iran will not have a nuclear weapon and noted a positive impact on oil prices and the stock market.
Key points
Trump claims Iran peace deal is signed.
Strait of Hormuz to be completely open from Friday.
Iran agreed not to pursue nuclear weapons.
Israel distances itself from the negotiations.
G7 summit discusses support for Ukraine.
Mentioned in this story
Donald TrumpG7IranBenjamin NetanyahuJD Vance
Good morning. Donald Trump has declared the strait of Hormuz will be “completely open” from Friday. “The deal’s all signed. And the strait is already partially opened,” the US president said as he arrived at the G7 summit in France.
“I think a lot of great things are going to happen in the Middle East. And very importantly, the oil is plummeting down and the stock market is shooting up like a rocket today,” Trump said. “The main thing is that Iran will not have a nuclear weapon. They fully agreed to that with strong policing powers, and they won’t have a nuclear weapon, which is what it was all about.”
The comments will be seen as optimistic and premature – no peace deal has been signed, no nuclear agreement has been agreed and the strait of Hormuz, which was open before Trump’s war on Iran, has now been heavily mined.
Continued Israeli breaches of the ceasefire in Lebanon and Iran’s claims about its right to charge fees in the crucial Hormuz waterway revealed some of the agreement’s loose ends. The memorandum of understanding is due to be formally signed at a ceremony in Geneva on Friday, and technical discussions led by the US vice-president, JD Vance, will begin later this week.
What is the reaction in Israel? Analysts have pointed out that none of Benjamin Netanyahu’s promises at the beginning of the war – regime change in Tehran and the destruction of Iran’s nuclear programme – have been fulfilled. The Israeli prime minister did not denounce the deal, but distanced himself from the negotiations and said Israel would not leave the territory it was occupying in Lebanon.
What else is on the agenda at the G7 summit? The G7 will seek to shore up waning US support for Ukraine, with the UK’s prime minister, Keir Starmer, vowing to “choke off” Russian revenue with further sanctions and provide hundreds of millions of pounds’ worth of energy support for Ukraine.
Eight presumed dead after B-52 bomber crashes atair force base in California
View from the air of the crash site in a flat landscape of desert scrub
Q&A
What did Trump say about the Iran peace deal?
Trump claimed that the Iran peace deal is 'all signed' and that Iran has agreed not to pursue a nuclear weapon.
What are the implications of the Strait of Hormuz being open?
An open Strait of Hormuz is crucial for oil transportation, and Trump stated it would positively affect oil prices and the stock market.
How has Israel reacted to the Iran deal announcement?
Israel's Prime Minister Benjamin Netanyahu did not denounce the deal but distanced himself from the negotiations, emphasizing Israel's continued presence in Lebanon.
What other topics are being discussed at the G7 summit?
The G7 summit is also focusing on increasing support for Ukraine, including sanctions against Russia and energy assistance.
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