US President Donald Trump declared a new deal with Iran “all signed” during the G7 summit in Évian-les-Bains, France, with French President Emmanuel Macron publicly endorsing the agreement as “a very good deal.” The announcement came during a dinner at the Palace of Versailles.
The 14-page agreement reportedly addresses three major flashpoints: reopening the Strait of Hormuz, extending a ceasefire, and tackling Iran’s nuclear program alongside economic sanctions. Roughly a fifth of the world’s oil passes through that chokepoint on any given day.
What’s actually in the deal
The core terms center on Iran agreeing to dilute its uranium stockpile to minimum levels. In exchange, the US would waive certain sanctions. The deal also includes a 60-day negotiation extension, essentially a built-in runway for both sides to hammer out remaining details before anything becomes permanently binding.
Trump projected that the Strait of Hormuz would be at least partially operational by June 20, 2026, once mine clearance operations wrap up.
