Middle East crisis live: agreement signed by US-Iran presidents; Tehran claims it will charge ships to transit strait of Hormuz

Iran says it will charge ships to transit strait of Hormuz after 60 days

More on the strait of Hormuz: Iran is saying it will “not return to prewar conditions” and that Tehran will charge ships to transit the waterway after a 60-day toll-free period stipulated in the memorandum of understanding.

Iranian foreign ministry spokesperson Esmail Baghaei reportedly said the issue of the strait would be the responsibility of Iran and Oman.

Chief Iranian negotiator Mohammad Bagher Ghalibaf said on state television that the “strait of Hormuz will not return to prewar conditions”, adding:

double quotation markIran has the right to sovereignty over the strait of Hormuz and of course we will receive a fee for services.

Donald Trump has previously said he would not accept tolls being imposed for crossing the vital energy route, through which about a fifth of global oil and LNG supplies usually travel. But in defending the US deal with Tehran, he said that if it was not struck the strait would “never have been opened” and a “worldwide depression” would result.

Pakistan’s prime minister Shehbaz Sharif has just said the US-Iran agreement is taking “immediate effect” after being signed by both sides.

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His post on social media that said “as a first step, Islamic Republic of Iran will instantly reopen the Strait of Hormuz and the United States of America will immediately lift the naval blockade”.

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Sharif, who helped mediate the memorandum of understanding, also reportedly said there would still be a formal signing ceremony in Switzerland on Friday to “commemorate this landmark event and commence with the technical level talks”.

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As he left Versailles on Wednesday night, after a dinner in honor of the 250th anniversary of American independence, Donald Trump told reporters for French TV waiting outside that he had signed the memorandum of understanding with Iran in the former palace of French kings.

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“Did you sign the deal? Did you sign the MOU?” reporters asked.

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“It’s signed, yeah,” Trump cupped his hands and shouted to reporters. “I signed it in Versailles,” the president added, making a gesture of signature and pointing back to the palace.

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On social media, the historian Kevin Kruse reacted with disbelief to the president signing the agreement to end his war in the same location where Germany was forced to sign the humiliating Treaty of Versailles in 1919, accepting its loss in the first world war.

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Kruse wrote:

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He signed an unconditional surrender at Versailles? Come the fuck on.

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The White House then released video of Trump adding his signature to the 14-point agreement at the dinner table in the palace.

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As the adage goes: no plan of battle survives first contact with the enemy.

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Donald Trump entered the war with Iran with maximalist goals: eliminating the country’s nuclear programme, destroying its ballistic missile programme and ending its support for regional military groups including Hezbollah and Hamas.

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He exits it with Iran’s word not to build a bomb and to hold further nuclear discussions, no mention in writing of the ballistic missile programme and with Hezbollah celebrating a “victory” as the memorandum of understanding (MOU) instituted a ceasefire in Lebanon, where Israel has seized a swath of the country as a “buffer zone”.

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Iran’s key asset ended up being the strait of Hormuz, the waterway that almost every previous simulation of the war predicated would be quickly cut off by Iran. To reopen the strait, the administration was forced to fold on its broader goals or face what Trump called a “worldwide depression”.

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It has been clear for days that the Trump administration was skittish about putting out the text of its MOU. It was only finally read out by a senior administration official on a briefing call on Wednesday, and the White House still has not published a copy online.

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The reasoning is clear: many in Trump’s own party will hate this deal. The outgoing US senator Bill Cassidy, of Maryland, called it the “worst foreign policy blunder in decades”.

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The full analysis is here:

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More on the strait of Hormuz: Iran is saying it will “not return to prewar conditions” and that Tehran will charge ships to transit the waterway after a 60-day toll-free period stipulated in the memorandum of understanding.

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Iranian foreign ministry spokesperson Esmail Baghaei reportedly said the issue of the strait would be the responsibility of Iran and Oman.

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Chief Iranian negotiator Mohammad Bagher Ghalibaf said on state television that the “strait of Hormuz will not return to prewar conditions”, adding:

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Iran has the right to sovereignty over the strait of Hormuz and of course we will receive a fee for services.

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Donald Trump has previously said he would not accept tolls being imposed for crossing the vital energy route, through which about a fifth of global oil and LNG supplies usually travel. But in defending the US deal with Tehran, he said that if it was not struck the strait would “never have been opened” and a “worldwide depression” would result.

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    Donald Trump on Wednesday signed the memorandum of understanding aimed at ending the war with Iran, a White House official told Reuters. The text of the agreement has been officially signed by the presidents of both sides, Iran state media reported, citing foreign ministry spokesperson Esmaeil Baghaei.

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    The deal for an immediate and permanent halt to military operations on all fronts, includes Lebanon. The deal commits both sides and their allies to cease hostilities and refrain from the threat or use of force against each other – though Israel retains the right to strike back if Hezbollah attacks.

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    Israel has not been shown the final text of the MOU, according to its prime minister, Benjamin Netanyahu, though senior US officials said he had been briefed consistently on its substance.

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    Iran will not receive broad sanctions relief simply by signing. Senior officials were emphatic on a press call that sanctions removal is directly tied to nuclear performance. Iran has committed to destroying its enriched uranium stockpile at minimum through down-blending under IAEA supervision – a concession officials called “a major, major win”.

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    The strait of Hormuz is set to reopen for toll-free commercial passage within 30 days. Iran had already stopped firing on vessels in the strait the day before the signing call – the first such pause in 100 days of conflict. One immediate upside for Tehran does kick in upon signing: a US treasury waiver on Iranian crude oil exports. Iran said it will charge ships crossing strait of Hormuz after 60 days, AFP reported.

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    Both sides have 60 days to reach a final deal to be endorsed by a binding UN security council resolution. Senior US officials said the administration would know within “days or weeks, not months” if Iran was stalling – and was prepared to tighten economic pressure significantly if talks broke down.

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Leaders at the Group of Seven summit have backed Donald Trump’s tentative agreement with Iran to open the strait of Hormuz and extend a ceasefire.

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The French president, Emmanuel Macron, called it a “very good deal”, noting it could stabilise the region and benefit economies.

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The deal is set to be signed in Switzerland on Friday and aims to end US and UN sanctions on Tehran if a final agreement addressing Iran’s nuclear program is reached.

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    The US and Iran have come to terms on a preliminary agreement for an immediate and permanent halt to military operations on all fronts, including in Lebanon. The deal commits both sides and their allies to cease hostilities and refrain from the threat or use of force against each other – though Israel retains the right to strike back if Hezbollah attacks.

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    Israel has not been shown the final text of the MOU, according to its prime minister, Benjamin Netanyahu, though senior US officials said he had been briefed consistently on its substance.

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    Iran will not receive broad sanctions relief simply by signing. Senior officials were emphatic on a press call that sanctions removal is directly tied to nuclear performance. Iran has committed to destroying its enriched uranium stockpile at minimum through down-blending under IAEA supervision – a concession officials called “a major, major win”.

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    The strait of Hormuz is set to reopen for toll-free commercial passage within 30 days. Iran had already stopped firing on vessels in the strait the day before the signing call – the first such pause in 100 days of conflict. One immediate upside for Tehran does kick in upon signing: a US treasury waiver on Iranian crude oil exports.

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    Both sides have 60 days to reach a final deal to be endorsed by a binding UN security council resolution. Senior US officials said the administration would know within “days or weeks, not months” if Iran was stalling – and was prepared to tighten economic pressure significantly if talks broke down.

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    Trump did negate that characterization later, telling reporters: “I don’t view it as hard … Just as long as they are behaving, I really don’t care that much.”

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For a fuller accounting of the MOU, what’s in it, and what’s not, read my piece on key takeaways from the US-Iran deal.

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Veteran US Republican senator Bill Cassidy has slammed the memorandum of understanding the Trump administration has reached with Iran – two days before both parties are set to sign it – as “the worst foreign policy blunder in decades”.

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The Louisiana senator, who lost his primary last month to a Trump-backed challenger, wrote on X:

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[Former president Ronald] Reagan is rolling over in his grave. Iran’s nuclear ambitions were not curbed, and they have learned that threatening the Strait of Hormuz works and will undoubtedly leverage it in the future. Now, Iran gets to build brand-new infrastructure under this deal.

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Before the war, the strait was open, Iran was being crushed by sanctions, and 13 service members were still alive. Now, 13 Americans are dead, families have paid billions at the pump, sanctions will be lifted, and the bombing has stopped. This is the worst foreign policy blunder in decades.

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Before the text was released, Cassidy had already been commenting on what was being reported, while cautioning that he hadn’t seen the details.

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He told a phone press conference of Louisiana reporters on Tuesday: “This is a bad deal, if the details remain the same. The deal, as I’ve heard it, makes your allies weaker and Iran stronger.”

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And this morning, he told a reporter with Nexstar: “The details I’ve seen so far look awful … this will go down as a tremendous foreign policy blunder”.

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Before getting on the plane, Trump told reporters that the 60-day deadline written in the US-Iran MOU “could take longer”

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“I don’t view it as hard,” Trump said. “Just as long as they are behaving, I really don’t care that much.”

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Iran’s foreign ministry has confirmed it is weighing a proposal for both countries’ presidents to sign the MOU in Geneva, a significant symbolic step up from the arrangement that had previously been on the table.

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“Regarding the signing of the memorandum of understanding, one idea is that it be done by the presidents of the two countries, which is currently under review,” ministry spokesperson Esmaeil Baqaei said.

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Until now, the plan had been for JD Vance and the Iranian parliament speaker, Mohammad Bagher Ghalibaf, to represent their respective countries at the ceremony.

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A head-of-state signing would carry considerably more political weight, and for Tehran, would amount to a public acknowledgment from Washington of Iran’s standing as a negotiating equal.

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Finally, the MOU gives both sides 60 days to negotiate a comprehensive final agreement, extendable by mutual consent. A binding UN security council resolution would be required to endorse any final deal.

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“The United States of America and the Islamic Republic of Iran commit to negotiating and achieving the final deal in maximum 60 days extendable with mutual consent.”

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But the fragility shouldn’t be understated: one senior US official explained that “either side can walk away at any time”.

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The official added that the Trump administration would know within “days or weeks, not months” if Iran was stringing it along.

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And if talks collapse, they indicated the US was prepared to tighten the economic pressure significantly.

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According to the officials on the call, the text makes clear that access to Iran’s frozen funds is contingent on the regime actually implementing the agreement’s terms.

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“Such funds … shall be made fully usable for payment to any ultimate beneficiary designated by the Central Bank of the Islamic Republic of Iran … upon the implementation of the MOU.”

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Officials on the call said Iran had pushed hard for the opposite: immediate access to its frozen assets the moment the MOU was signed.

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Israeli prime minister Benjamin Netanyahu publicly stated he had not been given a copy of the MOU.

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Senior US officials on the call did not dispute that Netanyahu may not have received the final text, but pushed back on the suggestion Israel had been kept in the dark.

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“He has not asked us for a copy of it… but we’ve been briefing him and his team very frequently on what’s happening.”

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One senior official said Netanyahu had told the US team privately that if Iran delivers on its commitments, “he thinks that it would be a historic deal”, though both the US and Israel remain skeptical.

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Senior officials said for the first time in the hundred days of war, Iran fired on no vessels in the strait of Hormuz the day before the call.

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“Yesterday, which I believe for the first time in the 100 days of this conflict, Iran did not fire at any vessels in the Strait of Hormuz.”

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Under the MOU, Iran is required to ensure toll-free passage for commercial vessels for at least 60 days, with full restoration of traffic within 30 days. Senior officials said the Gulf states would never agree to any longer-term arrangement that charges for access.

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The formal signing ceremony is set for Friday.

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More on sanctions: the MOU is structured so that Iran receives almost nothing upfront…with one exception. The US Treasury will issue waivers for Iranian crude oil exports, petroleum products, and associated banking services the moment the document is signed.

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“Immediately upon the signing of the MOU… US Department of Treasury will issue waivers for the export of Iranian crude oil, petroleum products and derivatives, and all associated services, including banking transactions and services, transportations, etc. …”

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Officials defended the move, arguing that Iranian oil was already flowing to China regardless — and that existing sanctions were simply giving Beijing a steep discount.

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Relieving the waiver, they said, removes that subsidy and gives the US better visibility into where Iranian oil is going.

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Much of the coverage of the deal has treated sanctions relief and the nuclear question as separate tracks. Officials on the call said the two paragraphs use identical language and are deliberately intertwined.

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“The United States of America undertakes to terminate all types of sanctions against the Islamic Republic of Iran… in an agreed upon schedule as part of the final deal.”

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“The sanctions relief in seven is tied to the nuclear settlement in eight,” a senior official said, referring to the paragraph numbers in the agreement. “To the extent that you perform on the nuclear questions, you will get the sanctions relief.”

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So: Iran will not receive broad sanctions removal simply by signing the MOU.

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The MOU says that at minimum, Iran conceded, its enriched uranium stockpile “will be destroyed” through “down-blending”(or diluting the uranium) on Iranian soil, under IAEA supervision.

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“The two parties also agreed to discuss the issue of enrichment and other mutually agreed matters related to the Islamic Republic of Iran’s nuclear needs, based on a satisfactory framework being agreed upon in the final deal.”

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Officials were emphatic that down-blending is a starting point, not the endpoint. “That’s the floor,” one said, “and we will push for more than that.”

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To start, both the US and Iran, along with their allies, agree to declare an end to military operations on all fronts the moment the document is signed.

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Senior officials on the call read out the line: “The United States of America and the Islamic Republic of Iran and their allies in the current war by signing this MOU declare the immediate and permanent termination of military operations on all fronts, including in Lebanon.”

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The inclusion of Lebanon is significant, and it effectively requires Iran to rein in Hezbollah. Israel, officials added, retains the right to strike back if Hezbollah attacks regardless.

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While Trump was delivering his press conference, senior US officials read the memorandum of understanding on Iran to journalists on a press call. The Guardian was on the line, and will be breaking down some of the key moments and lines from the text.

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    US president Donald Trump said the deal with Iran is “not final” and threatened to “go back to shooting” Tehran if it does not “behave”. Speaking to reporters before meeting with Egyptian president Abdel Fatah el-Sisi at the G7 summit, he said: “It’s not final. It’s a memorandum of understanding, and if I don’t like it, we’ll go back to shooting at them, dropping bombs on their head.”

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    Trump said that the deal his administration has struck with Iran will act as a “wall” to the Middle Eastern country having a nuclear weapon. Speaking in Évian-les-Bains, France, he told reporters that the memorandum of understanding (MOU) is a “strong one” and that if Iran went back on the deal, “the process will start again”.

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    US vice-president JD Vance said the text of the US-Iran deal would be released on Friday “at the latest”, as he was quizzed on the contents of the memorandum of understanding that has been widely reported in the media. Vance said Washington has been pushing for it to be released sooner but that Qatari and Pakistani negotiators, who helped mediate the agreement, “asked us not to release the full text for a little while”.

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    Lebanese ⁠president Joseph Aoun said that the Lebanon’s negotiations with Israel in Washington were independent of the US-Iran deal to bring an end to the Middle East conflict. “The assurances we have received, and what we insist on, is that Lebanon’s path in the negotiations is independent, though we are certainly for a ceasefire and for any country that helps us, including Iran,” Aoun said, according to a statement from his office, after Iran and Pakistan said Lebanon was included in the US-Iran deal.

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    China’s top diplomat told his Iranian counterpart today that it was “key” for all sides to “genuinely implement” their commitments after Tehran and Washington reached a memorandum of understanding to end their war, Beijing’s foreign ministry said. “The dawn of peace has already emerged, the key part of the next step is for all parties to genuinely implement their commitments and eliminate interference from various sides,” Wang Yi told Abbas Araghchi in a phone call.

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    Italy’s embassy to Tehran will re-open on Friday after more than three months of closure because of the Middle East war, the foreign ministry said on Wednesday. “Our embassy in Tehran will re-open its doors on Friday,” foreign minister Antonio Tajani told Italy’s parliament.

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    Israeli operations in the Gaza Strip have killed 1,005 Palestinians in the eight months since a ceasefire was reached between Israel and the militant group Hamas. That’s according to the Gaza health ministry’s latest toll released on Wednesday. Earlier this week, the death toll from the Israel-Hamas war surpassed 73,000 in Gaza, the ministry said.

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    Nato secretary general Mark Rutte hailed the US-Iran deal to end the Middle East war, saying the planned reopening of the strait of Hormuz would be a “massive step forward”. “I know that many allies, through the initiative led by France and the United Kingdom, are ready to support,” Rutte told a press conference in Brussels.

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    Iran’s military has threatened to respond to Israel after strikes in southern Lebanon killed four people, despite an agreement being reached between Tehran and Washington to end the Middle East war, including in Lebanon. Lebanon’s National News Agency reported Israeli warplanes targeting the southern town of Nabatieh al-Fawqa and a drone strike in Ansariyeh on the coast this morning. There was no immediate comment from the Israel Defense Forces (IDF) on the reports.

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US vice-president JD Vance said the text of the US-Iran deal would be released on Friday “at the latest”, as he was quizzed on the contents of the memorandum of understanding that has been widely reported in the media.

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Vance said Washington has been pushing for it to be released sooner but that Qatari and Pakistani negotiators, who helped mediate the agreement, “asked us not to release the full text for a little while”.

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“We’re actually trying to push them to get it out today, because we want to tell the American people what’s in this deal,” Vance told CBS.

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He described it as a “good deal for the American people” and said he had seen “misrepresentations” about it, in an apparent reference to reports about leaked versions of the draft.

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Vance said the agreement would reopen the strait of Hormuz “immediately” and provide a framework “whereby if the Iranians give us what we need on stopping the funding of terrorism, on no longer pursuing a nuclear weapon, then they can get some benefits, be reinvited into the world economy”.

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“When I say benefits, I’m talking about sanctions relief on their economy,” he added.

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“We’ve destroyed their nuclear programme, but one of the things the president is trying to do is give them the incentive not to try to rebuild that programme for the long haul.”

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Aoun also said that the Lebanon’s negotiations with Israel in Washington were independent of the US-Iran deal to bring an end to the Middle East conflict.

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“The assurances we have received, and what we insist on, is that Lebanon’s path in the negotiations is independent, though we are certainly for a ceasefire and for any country that helps us, including Iran,” Aoun said, according to a statement from his office, after Iran and Pakistan said Lebanon was included in the US-Iran deal.

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“The Lebanese state is sovereign in its decision-making, and for the first time, it is the one conducting the negotiations, and nobody is negotiating for us,” Aoun said ahead of a fifth round of Israeli-Lebanese talks next week.

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US president Donald Trump said the deal with Iran is “not final” and threatened to “go back to shooting” Tehran if it does not “behave”.

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Speaking to reporters before meeting with Egyptian president Abdel Fatah el-Sisi at the G7 summit, he said:

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n

It’s not final. It’s a memorandum of understanding, and if I don’t like it, we’ll go back to shooting at them, dropping bombs on their head.

n

If I don’t like it, if they don’t behave, we’ll go right back to dropping bombs right smack in the middle of their head, okay, because they’ve misbehaved for 47 years.”

n

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Trump speaking on stage.”,”caption”:”US president Donald Trump speaks during a bilateral meeting with Egypt’s president on the sidelines of the G7 summit.”,”credit”:”Photograph: Mandel Ngan/AFP/Getty Images”}}],”attributes”:{“pinned”:false,”keyEvent”:true,”summary”:false},”blockCreatedOn”:1781694147000,”blockCreatedOnDisplay”:”07.02 EDT”,”blockLastUpdated”:1781694584000,”blockLastUpdatedDisplay”:”07.09 EDT”,”blockFirstPublished”:1781694337000,”blockFirstPublishedDisplay”:”07.05 EDT”,”blockFirstPublishedDisplayNoTimezone”:”07.05″,”title”:”‘If they don’t behave, we will go right back to dropping bombs right smack in middle of their heads,’ Trump says on Iran”,”contributors”:[{“name”:”Jakub Krupa”,”imageUrl”:”https://i.guim.co.uk/img/uploads/2025/01/22/Jakub_Krupa.jpg?width=300&quality=85&auto=format&fit=max&s=41cc9981ec7b067e2d3b5391c5a68a4f”,”largeImageUrl”:”https://i.guim.co.uk/img/uploads/2025/01/22/Jakub_Krupa.png?width=300&quality=85&auto=format&fit=max&s=4a039a2b765744058f3c2c677268513e”}],”primaryDateLine”:”Wed 17 Jun 2026 20.52 EDT”,”secondaryDateLine”:”First published on Wed 17 Jun 2026 03.41 EDT”},{“id”:”6a3263108f082aa3ad0d9a8b”,”elements”:[{“_type”:”model.dotcomrendering.pageElements.TextBlockElement”,”html”:”

A meeting was held this morning between world leaders on the final day of the G7 summit in France.

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In a joint statement issued earlier, G7 leaders called for “an immediate ceasefire” in Lebanon.

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“In Lebanon, we support, through an immediate robust ceasefire, the Lebanese leadership’s efforts to achieve the disarmament of Hezbollah and the monopoly of arms, and to protect Lebanon’s territorial integrity and sovereignty with the appropriate international security guarantees,” the statement said.

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chancellor Friedrich Merz sat with Starmer, Trump and Macron.”,”caption”:”German chancellor Friedrich Merz with world leaders at the G7 summit.”,”credit”:”Photograph: Anna Moneymaker/Getty Images”}}],”attributes”:{“pinned”:false,”keyEvent”:true,”summary”:false},”blockCreatedOn”:1781687056000,”blockCreatedOnDisplay”:”05.04 EDT”,”blockLastUpdated”:1781693270000,”blockLastUpdatedDisplay”:”06.47 EDT”,”blockFirstPublished”:1781687568000,”blockFirstPublishedDisplay”:”05.12 EDT”,”blockFirstPublishedDisplayNoTimezone”:”05.12″,”title”:”G7 leaders issue joint statement calling for ‘immediate ceasefire’ in Lebanon”,”contributors”:[],”primaryDateLine”:”Wed 17 Jun 2026 20.52 EDT”,”secondaryDateLine”:”First published on Wed 17 Jun 2026 03.41 EDT”},{“id”:”6a31ce158f082aa3ad0d9617″,”elements”:[{“_type”:”model.dotcomrendering.pageElements.TextBlockElement”,”html”:”

Hello and welcome to the Guardian’s live coverage of the crisis in the Middle East.

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Iran’s military has threatened to respond to Israel after strikes in southern Lebanon killed four people, despite an agreement being reached between Tehran and Washington to end the Middle East war, including in Lebanon.

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Lebanon’s National News Agency reported Israeli warplanes targeting the southern town of Nabatieh al-Fawqa and a drone strike in Ansariyeh on the coast this morning. There was no immediate comment from the Israel Defense Forces (IDF) on the reports.

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In an update yesterday, the IDF said it intercepted “several rockets” launched by Hezbollah towards its troops operating in southern Lebanon, and that it struck and destroyed the launcher.

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Hezbollah has not issued any recent statements claiming attacks on Israeli targets in southern Lebanon. The group’s leader, Naim Qassem, is due to make a televised address today, according to Hezbollah’s Al-Manar TV.

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The Iranian military’s central command Khatam al-Anbiya said Israel must halt its acts of aggression in the south or face “a harsh response” from its forces. It accused Israel of violating the ceasefire in Lebanon “84 times” since the deal was announced.

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man displays peace signs with his hands as he stands on the rubble of his destroyed house.”,”caption”:”A man stands on the rubble of his destroyed house in Nabatiyeh, southern Lebanon, following the announcement of an initial ceasefire agreement between the US and Iran.”,”credit”:”Photograph: Hussein Malla/AP”}},{“_type”:”model.dotcomrendering.pageElements.TextBlockElement”,”html”:”

Iran’s top diplomat and foreign minister, Abbas Araghchi, said a peace deal with the US would require Israel to withdraw from Lebanon. “Without the withdrawal of Israeli forces from the territories they occupied during this war, the war has not fully come to an end,” he said.

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Concerns have been growing that Israel could undermine diplomatic efforts to finally end the Middle East war, with Donald Trump criticising his ally and war partner as irresponsible.

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“Israel has been fighting Hezbollah for too long and too many people are being killed,” Trump said. “You don’t need to knock down an apartment house when you are looking for somebody because there are a lot of people in those apartment houses, and they are not all Hezbollah, that I can tell you.”

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    A US-Iran deal aimed at ending the Middle East war will be signed at Switzerland’s mountainside Burgenstock resort on Friday, the Swiss foreign ministry confirmed to AFP. The site, located near Lucerne in central Switzerland, is difficult to access and therefore easily secured. It “was proposed by the Pakistani and Qatari mediators, as well as by the US and Iran”, Switzerland’s foreign ministry said.

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    Two months of final negotiations will begin immediately after the initial deal between the US and Iran is signed. Negotiations will continue for a 60-day window after the ceremony, officials told AFP, leading to a plan for the lifting of economic sanctions and decisions on the fate of Iran’s nuclear programme.

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    Trump said that he would send the deal with Iran to the US Congress for a review. “I like the idea, send it to Congress please,” he said at the start of a meeting with the UAE president Sheikh Mohammed bin Zayed Al Nahyan on the sidelines of the G7 summit. “I mean who wouldn’t approve it.”

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    Speaking at the G7, Trump has said the strait of Hormuz will be open by Friday and that the full text of the peace deal will be released in a “formal setting”. Trump also said he expects the “second stage” of the deal “to go quickly”.

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    The US will allow Iran to immediately start selling oil and fuel again as part of the deal to end the war, the Wall Street Journal reported, citing sources familiar with the matter. Iran can only sell oil if they keep to the terms of the deal, as US official told Reuters. It includes the free flow of navigation in the strait of Hormuz and not obtaining an nuclear weapon.

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    An Iranian deputy foreign minister said the two-month US naval blockade on Iranian ports had been lifted ahead of the planned formal signing of a deal ending the war. “The lifting of the blockade was something we had emphasised from the outset. It has now begun, and the blockade has been lifted prior to the formal signing” scheduled for Friday, said Iranian deputy foreign minister Majid Takht-Ravanchi, according to the government’s website.

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    Qatar, a key mediator between the US and Iran, said it believed the framework peace agreement could deliver security to the Middle East. “We are cautiously optimistic that the signing of the memorandum of understanding will lead to the next phase of regional security through the talks that will take place on the nuclear programme and on other issues,” foreign ministry spokesperson Majed Al Ansari told reporters in Doha, as he praised Pakistan’s mediation efforts.

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Key events

What exactly’s in the “memorandum of understanding” between the US and Iran? This explainer goes through what’s known, including:

  • An immediate and permanent halt to fighting on both sides, and including in Lebanon.

  • Iran must restore traffic through the strait of Hormuz within 30 days.

  • Iran agrees to down-blend its enriched uranium.

  • Sanctions relief is tied to a final agreement on Tehran’s nuclear program.

  • Iran to receive waivers for crude oil exports.

  • Iran’s frozen assets to be released only after it implements the deal’s terms.

  • Both sides have 60 days to negotiate a final agreement – a timeframe extendable by mutual consent.

See each point explained here:

Pakistani PM says US-Iran deal takes immediate effect

Pakistan’s prime minister Shehbaz Sharif has just said the US-Iran agreement is taking “immediate effect” after being signed by both sides.

His post on social media that said “as a first step, Islamic Republic of Iran will instantly reopen the Strait of Hormuz and the United States of America will immediately lift the naval blockade”.

Sharif, who helped mediate the memorandum of understanding, also reportedly said there would still be a formal signing ceremony in Switzerland on Friday to “commemorate this landmark event and commence with the technical level talks”.

Trump signs agreement with Iran at Versailles

Robert Mackey

Robert Mackey

As he left Versailles on Wednesday night, after a dinner in honor of the 250th anniversary of American independence, Donald Trump told reporters for French TV waiting outside that he had signed the memorandum of understanding with Iran in the former palace of French kings.

“Did you sign the deal? Did you sign the MOU?” reporters asked.

“It’s signed, yeah,” Trump cupped his hands and shouted to reporters. “I signed it in Versailles,” the president added, making a gesture of signature and pointing back to the palace.

On social media, the historian Kevin Kruse reacted with disbelief to the president signing the agreement to end his war in the same location where Germany was forced to sign the humiliating Treaty of Versailles in 1919, accepting its loss in the first world war.

Kruse wrote:

double quotation markHe signed an unconditional surrender at Versailles? Come the fuck on.

The White House then released video of Trump adding his signature to the 14-point agreement at the dinner table in the palace.

Robert Mackey

Robert Mackey

When he announced that the US and Israel had launched a war against Iran on 28 February, Donald Trump said one of the reasons the attack was necessary was that Iran had been “developing long-range missiles that can now threaten our very good friends and allies in Europe, our troops stationed overseas and could soon reach the American homeland”.

“We’re going to destroy their missiles and raze their missile industry to the ground,” the president insisted. “It will be totally, again, obliterated.”

On Wednesday – 109 days later – Trump said it would be “unfair” for Iran to not have “some” ballistic missiles, telling reporters in Paris:

double quotation markI’m saying that if other countries have them, it’s a little bit unfair for them not to have some. A ballistic missile is not the same things as what we’re talking about, when we talk nuclear. But if Saudi Arabia and Qatar, and they all have some, I would say, in relative proportion, I think it’s OK.

The US-Iran agreement calls for Tehran to dilute its stockpile of highly enriched uranium and would waive sanctions on the country, immediately allowing Iran to sell its oil freely in a major concession from Washington, according to language released by both countries.

The deal’s text hasn’t yet been formally released but a draft read by US officials includes language that Iran agrees not to develop or procure nuclear weapons and requires that Iran’s highly enriched uranium be downgraded on site as a minimum, the Associated Press is reporting.

In return, the US will move to waive – but not eliminate – some wide-ranging sanctions against Iran.

Much of the agreement would restore the status quo before the war, including ending hostilities, reopening the strait of Hormuz and restarting US-Iran talks over Tehran’s nuclear program – and the deal appears to offer Iran several benefits up front while extracting little in return.

The US agreement to immediately allow Iran to sell its oil freely and the offer to eventually lift all sanctions represent major concessions that go beyond the terms of Iran’s 2015 nuclear deal with world powers, the report says. Donald Trump withdrew the US from that Obama-era pact in his first term, declaring it the “worst deal ever”.

Iran is saying talks with the US set for Friday in Switzerland ⁠are now not ​confirmed.

Iranian foreign ⁠ministry spokesperson Esmaeil Baghaei said early ⁠on Thursday, cited by Reuters:

double quotation markThe Friday ‌meeting was confirmed ‌until a few hours ago, but when it was decided that the ‌presidents of the two sides [Iran and ​the US] would sign the agreement, it was ⁠decided to pause consideration ​of the ​Friday meeting ​for now.

Earlier it was expected that the US-Iran memorandum of understanding would be officially signed at a ceremony in Geneva on Friday. But reports quoting both sides say presidents Donald Trump and Masoud Pezeshkian have now signed the MoU.

Analysis: Trump’s Iran deal is a result of unrealistic ambitions for an untenable war

Andrew Roth

Andrew Roth

As the adage goes: no plan of battle survives first contact with the enemy.

Donald Trump entered the war with Iran with maximalist goals: eliminating the country’s nuclear programme, destroying its ballistic missile programme and ending its support for regional military groups including Hezbollah and Hamas.

He exits it with Iran’s word not to build a bomb and to hold further nuclear discussions, no mention in writing of the ballistic missile programme and with Hezbollah celebrating a “victory” as the memorandum of understanding (MOU) instituted a ceasefire in Lebanon, where Israel has seized a swath of the country as a “buffer zone”.

Iran’s key asset ended up being the strait of Hormuz, the waterway that almost every previous simulation of the war predicated would be quickly cut off by Iran. To reopen the strait, the administration was forced to fold on its broader goals or face what Trump called a “worldwide depression”.

It has been clear for days that the Trump administration was skittish about putting out the text of its MOU. It was only finally read out by a senior administration official on a briefing call on Wednesday, and the White House still has not published a copy online.

The reasoning is clear: many in Trump’s own party will hate this deal. The outgoing US senator Bill Cassidy, of Maryland, called it the “worst foreign policy blunder in decades”.

The full analysis is here:

Iran’s foreign ministry spokesperson is also being quoted as saying that Iran must be able to sell its oil – with no problems around transport and insurance – and must receive the revenues from its oil sales.

Iran says it will charge ships to transit strait of Hormuz after 60 days

More on the strait of Hormuz: Iran is saying it will “not return to prewar conditions” and that Tehran will charge ships to transit the waterway after a 60-day toll-free period stipulated in the memorandum of understanding.

Iranian foreign ministry spokesperson Esmail Baghaei reportedly said the issue of the strait would be the responsibility of Iran and Oman.

Chief Iranian negotiator Mohammad Bagher Ghalibaf said on state television that the “strait of Hormuz will not return to prewar conditions”, adding:

double quotation markIran has the right to sovereignty over the strait of Hormuz and of course we will receive a fee for services.

Donald Trump has previously said he would not accept tolls being imposed for crossing the vital energy route, through which about a fifth of global oil and LNG supplies usually travel. But in defending the US deal with Tehran, he said that if it was not struck the strait would “never have been opened” and a “worldwide depression” would result.

A summary of today’s developments

  • Donald Trump on Wednesday signed the memorandum of understanding aimed at ending the war with Iran, a White House official told Reuters. The text of the agreement has been officially signed by the presidents of both sides, Iran state media reported, citing foreign ministry spokesperson Esmaeil Baghaei.

  • The deal for an immediate and permanent halt to military operations on all fronts, includes Lebanon. The deal commits both sides and their allies to cease hostilities and refrain from the threat or use of force against each other – though Israel retains the right to strike back if Hezbollah attacks.

  • Israel has not been shown the final text of the MOU, according to its prime minister, Benjamin Netanyahu, though senior US officials said he had been briefed consistently on its substance.

  • Iran will not receive broad sanctions relief simply by signing. Senior officials were emphatic on a press call that sanctions removal is directly tied to nuclear performance. Iran has committed to destroying its enriched uranium stockpile at minimum through down-blending under IAEA supervision – a concession officials called “a major, major win”.

  • The strait of Hormuz is set to reopen for toll-free commercial passage within 30 days. Iran had already stopped firing on vessels in the strait the day before the signing call – the first such pause in 100 days of conflict. One immediate upside for Tehran does kick in upon signing: a US treasury waiver on Iranian crude oil exports. Iran said it will charge ships crossing strait of Hormuz after 60 days, AFP reported.

  • Both sides have 60 days to reach a final deal to be endorsed by a binding UN security council resolution. Senior US officials said the administration would know within “days or weeks, not months” if Iran was stalling – and was prepared to tighten economic pressure significantly if talks broke down.

Donald Trump on Wednesday signed the memorandum of understanding aimed at ending the war with Iran, a White House official told Reuters.

The text of the agreement has been officially signed by the presidents of both sides, Iran state media reported, citing foreign ministry spokesperson Esmaeil Baghaei.

The US and Iran have signed the MOU for ending war electronically on Wednesday and it is now in effect, according to website Axios.

Iran said it will charge ships crossing the strait of Hormuz after 60 days, AFP reported.

Mohammad Bagher Ghalibaf, , Iran’s top negotiator, said in an interview aired on state television: “Iran has the right to sovereignty over the Strait of Hormuz and of course we will receive a fee for services.”

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