Now
90°
Thu
79°
Fri
85°
by MATT GALKA | The National News Desk
WASHINGTON (TNND) — New details emerged about a memorandum of understanding between the United States and Iran on the last day of the G7 summit, as President Donald Trump defended the agreement while warning that fighting could resume at any moment.
The president downplayed concerns about Iran receiving billions of dollars through the financing plan and oil sales, while emphasizing that a final deal needs to be reached in the next 60 days. Those 60 days is also expected to focus on disagreements over Iran’s current nuclear program. (TNND)
The president downplayed concerns about Iran receiving billions of dollars through the financing plan and oil sales, while emphasizing that a final deal needs to be reached in the next 60 days. Those 60 days is also expected to focus on disagreements over Iran’s current nuclear program. (TNND)
Trump said the deal is set to be formally signed soon, but he also threatened military action if Iran does not comply.
“I said, look, if you don't adhere to the agreement, I don't want to do that, but we're going to bomb the hell out of you, and I don't think that they're going to veer from the agreement. What else am I going to do? Am I going to say I'm going to take you to court?” Trump said.
A senior U.S. official read the terms of the 14-point plan to American media outlets Wednesday. Major terms include an immediate and permanent end to the war, including between Israel and Lebanon; reopening the Strait of Hormuz while "Iran will make arrangements using its best efforts for the safe passage of commercial vessels with no charge for 60 days only from the Persian Gulf to the Sea of Oman, and vice versa"; lifting the U.S. blockade on the strait and fully ending it within 30 days; lifting sanctions on Iran to sell oil; a $300 billion financing plan for Iran to rebuild; and a pledge from Iran not to produce or acquire a nuclear weapon.
Trump said he wanted to avoid broader economic fallout.
“I didn't want to see economic catastrophe. If you kept this going, that could have happened, but all I know is every time we talked about the possibility of peace, the stock market shot up like a rocket ship,” he said.
The president downplayed concerns about Iran receiving billions of dollars through the financing plan and oil sales, while emphasizing that a final deal needs to be reached in the next 60 days. Those 60 days is also expected to focus on disagreements over Iran’s current nuclear program.
On Capitol Hill, Democrats and some Republicans criticized the deal as a win for Iran.
“It is just outrageous, outrageous, that the administration is now saying whatever is in the MOU is not the real agreement. This is foreign policy by clown car, except it’s dangerous,” Senate Minority Leader Chuck Schumer, D-N.Y., said on the Senate floor.
Sen. Bill Cassidy, R-Louisiana, compared it to the Iran deal made under the Obama administration.
Trump floated the idea that he might attend the formal signing of the deal in Switzerland on Friday. The agreement was praised by other world leaders at the G7.
2026 Sinclair, Inc.
Leave a Reply