Trump And Iran Sign Initial Peace Deal Reopening Strait Of Hormuz, Lifting Sanctions

The United States and Iran signed an initial peace deal aiming to end the war, with the agreement including reopening the Strait of Hormuz and the US terminating "all types of sanctions" on Iran.

“US and Iranian presidents sign deal aiming to end war The presidents of the US and Iran have signed an initial peace deal aiming to end the war, allowing it to immediately take effect”

BBC

The BBC said the deal also includes a $300bn (£224bn) plan for Iran's "reconstruction" and that the issue of Iran's nuclear programme is still to be negotiated over an extendable 60-day period.

BBC

US President Donald Trump defended the proposal in France at the G7 summit, telling reporters, "I didn't want to see economic catastrophe," and warning that the US would "bomb the hell" out of Iran if no final deal emerged.

Iranian President Masoud Pezeshkian signed the document on Wednesday, and BBC reported that Tehran confirmed the signing.

The agreement says the US and Iran will "commit to negotiating and achieving the final deal in maximum 60 days, extendable with mutual consent," while Iran reaffirms it shall not procure or develop nuclear weapons and its enriched uranium will be down-blended on site under the auspices of the IAEA.

Vice President JD Vance responded to Israeli criticism of the deal the Trump administration struck with Iran, telling reporters that Israeli leaders need to "wake up and smell the reality" that they are isolated internationally.

The Washington Post also reported that the U.S. military said it has lifted a blockade of Iranian ports, as Vance criticized Israeli operations in Lebanon for sometimes getting in the way of negotiations.

CBS News

CNN said Iran’s supreme leader authorized the signing despite holding a "different view," and it described a 60-day period of negotiations on a final deal to end the war.

CNN quoted Senate Majority Leader John Thune calling the US agreement "a step in the right direction" while adding there will be "continue to be a contentious conversation" over a final deal.

In a separate reaction, CNN reported Senate Minority Leader Chuck Schumer called the agreement with Iran a "fiasco," arguing President Donald Trump "gave away the store."

The BBC said the memo leaves open the possibility of future charges for ships going through the Strait of Hormuz after the 60-day period, and it reported that Iran’s parliamentary speaker Mohammad Bagher Ghalibaf said the Strait of Hormuz "will not return to pre-war conditions."

“Vice President JD Vance defended President Donald Trump's interim peace deal on Thursday, insisting that the United States is not paying the Islamic Republic and that any economic benefits for Iran depend on full compliance with the agreement”

CNBC

NBC News reported that the MOU stipulates the Strait of Hormuz will reopen with Iran agreeing to allow "safe passage of commercial vessels with no charge for 60 days only," followed by negotiations with Oman to "define the future administration" of the trade route.

CNN reported that the maritime security threat level in the Strait of Hormuz has been downgraded to 'moderate' by the UKMTO after the announced agreement to reopen the strategic waterway.

CNN also said the US military announced it was lifting the naval blockade on Iranian ports that had been in place since April, and it described expected congestion through transit routes with naval forces present to support the free flow of traffic.

In Congress, NBC News and CNN both described disputes over the financial incentives, with CNN quoting Schumer saying, "We’re not paying for it," in response to Trump’s insistence the US would not contribute to the reconstruction plan.