Trump Says US-Iran Deal Is Signed, Reopens Strait of Hormuz by Friday

President Donald Trump said at the G7 summit in France that the Iran deal was "all signed" and that the strait of Hormuz will be open by Friday, as the US will allow Iran to immediately start selling oil and fuel again as part of the agreement to end the war.

“Trump may release US-Iran deal before Friday, Vance says Donald Trump may decide to release a preliminary deal to end the war with Iran before Friday, US Vice-President JD Vance says, after the US president said the agreement had already been signed”

BBC

The memorandum of understanding is set to be formally signed in Switzerland at the mountainside Burgenstock resort near Lucerne, with the Swiss foreign ministry confirming the location to AFP and saying it was proposed by the Pakistani and Qatari mediators, as well as by the US and Iran.

BBC

US officials said the deal extends the U.S.-Iran ceasefire for 60 days and sets up a framework for future negotiations over Tehran's nuclear program, while Iran's deputy foreign minister Majid Takht-Ravanchi said the two-month US naval blockade on Iranian ports had been lifted ahead of the planned formal signing scheduled for Friday.

NPR reported that the agreement is scheduled to be formally signed Friday in Switzerland and that it extends the current U.S.-Iran ceasefire for 60 days, with the goal in upcoming talks being a permanent end to the war.

In the same reporting, Trump wrote on social media on Sunday evening, "Ships of the World, start your engines. Let the oil flow!"

Trump signaled he could send details of the agreement with Iran to members of Congress for review, telling reporters, "What I would like to do is send it to Congress and say 'you shouldn't approve it.'"

Senate Majority Leader John Thune said he had not been briefed on the agreement and that lawmakers were requesting the text, while Senate Minority Leader Chuck Schumer said on the Senate floor, "Americans need to know what Trump has promised to Iran and what the United States will get out of it."

CBS News

Vice President JD Vance described the memorandum of understanding as "about a page and a half" and a "very general" document, and said nuclear inspectors would "absolutely" be allowed back into Iran as part of the deal.

Vance also said in a separate interview that the core part of the agreement is that the [International Atomic Energy Agency] and the United States are going to help Iran destroy the highly enriched stockpile, and he said in "paragraph one" Iran will commit itself to "regional peace and stability".

The i Paper reported that Trump claimed at the G7 meeting in France that "Iran will never have a nuclear weapon" under the agreement to end the conflict, while Hezbollah told Reuters it believes Iran will not sign a nuclear deal with Washington unless Israel pulls its troops from southern Lebanon.

The deal’s next steps are tied to a formal signing ceremony in Switzerland on Friday and a 60-day window for negotiations, with Reuters-cited reporting saying technical talks on Iran's nuclear programme are expected to begin this week and that any sanctions relief or release of assets will depend on Iran meeting commitments under the deal.

“President Donald Trump on Tuesday signaled that he's open to sending details of the agreement with Iran to members of Congress, as lawmakers from both parties are raising questions, asking to see the accord and saying they should vote on any final deal”

CNBC

CBS News said the signing of the memorandum is expected to kick off 60 days of negotiations for a final deal, while also noting lingering questions about how to extract and destroy the enriched uranium still in Iran's possession and how inspections in Iran might take place.

In parallel, Israel’s position in Lebanon remained a central complication, with CP24 reporting that Israeli Prime Minister Benjamin Netanyahu said Israel would remain in the buffer zone "as long as necessary" and that Israel’s bombing of Beirut’s southern suburbs on Sunday nearly derailed the negotiations.

NPR reported that Iran made an end to fighting between Israel and Hezbollah in Lebanon a condition for a deal with the U.S., while Israeli Defense Minister Israel Katz said Monday the country would keep troops in southern Lebanon indefinitely.

Across the shipping and energy stakes, the agreement is meant to reopen the Strait of Hormuz and lift dueling blockades, but the sources also describe mine-clearing and safety uncertainty, including CBS News saying Trump said they would be "doing a little hunting" for mines in the strait to make sure it's safe for ships.