The Trump administration shared new details about the agreement struck between the U.S. and Iran, which aims to end the war, open the Strait of Hormuz and begin further negotiations. But it's not a done deal yet, and Trump made renewed threats to "bomb the hell" out of Iran if they don't abide by the deal. White House correspondent Liz Landers reports.Notice: Transcripts are machine and human generated and lightly edited for accuracy. They may contain errors.
Amna Nawaz:
Welcome to the "News Hour."The Trump administration today shared new details about the agreement struck between the U.S. and Iran, which aims to end the war, open the Strait of Hormuz, and begin further negotiations on the most difficult details.Even as a senior U.S. official provided the exact language of the document to reporters, President Trump on his final day in France made renewed threats to -- quote -- "bomb the hell out of Iran" if it doesn't abide by the deal.Our White House correspondent Liz Landers begins our coverage.
Liz Landers:
After days of secrecy, senior U.S. officials finally released the terms that make up the memorandum of understanding between the U.S. and Iran.The draft begins with a provision that the U.S. and Iran and their allies will -- quote -- "declare the immediate and permanent termination of military operations on all fronts" and ensure the -- quote -- "territorial integrity and sovereignty" of Lebanon.The U.S. will also fully end its naval blockade in the Strait of Hormuz within 30 days and Iran will restore traffic to prewar levels. In addition, Iran will allow commercial ships to pass through the Strait of Hormuz with no charge for 60 days. Then, Iran and Oman will decide future administration of the strait.When it comes to financial relief for Iran, the U.S. and regional partners will develop a $300 billion reconstruction and economic development fund for Iran. On nuclear weapons, Iran would agree not to procure them and adhere to a new minimum standard for downblending on site of Tehran's stockpiled enriched uranium.Finally, the memorandum allows for Iran to immediately after the signing export crude oil and petroleum products without sanctions. The U.S. officials read the deal aloud paragraph by paragraph on a press call that began midway through President Trump's press conference capping off the G7 summit in France.
