President Donald Trump is set to take the podium at the G7 summit in Évian-les-Bains, France, to publicly defend an interim agreement between the US and Iran that was never supposed to go public this early.
The leaked deal, which surfaced on June 17, outlines a framework for immediate de-escalation between Washington and Tehran. The centerpiece: Iran reopens the Strait of Hormuz and resumes unrestricted oil sales. In return, the US commits to pursuing the end of sanctions, contingent on a final nuclear agreement being reached.
What the leaked deal actually says
Phase one: Iran would reopen the Strait of Hormuz, a chokepoint through which roughly a fifth of the world’s oil supply passes daily. Alongside that, Tehran gets the green light to resume unrestricted oil sales to global markets.
Phase two: The US would move toward lifting sanctions on Iran, but only if both sides reach a comprehensive nuclear deal.
