President Donald Trump championed the memorandum of understanding with Iran during a bilateral meeting with President Abdel Fattah el Sisi of Egypt at the Group of Seven summit, though he conceded the details of the deal remain unknown to the wider public.“It’s a very strong deal,” said Trump, speaking in Evian, France, where the summit is taking place. “Nobody knows what it is, but it’s very strong, and most people seem to be very happy.”“Who’s really happy is the market, because the market’s gone up thousands of points over the last four or five days since hearing about it,” Trump continued. “And the Strait (of Hormuz) is going to be opening. It’s already partially opened, it’s going to be opening up soon in full over the next day or two.”
Bloomberg published a 14-point plan Tuesday night that lays out the alleged details of the preliminary 60-day ceasefire. Conditions of the agreement call for a ceasefire “on all fronts,” including Lebanon, to the chagrin of Israel, the U.S. to lift its naval blockade of the Strait of Hormuz, and Iran to receive financing of at least $300 billion, although the administration has claimed the “Gulf Coast Coalition,” not the U.S., will provide the funds.
