Trump declares US-Iran peace deal 'all signed' as G7 leaders battle to tie up loose ends

President Donald Trump has announced a signed agreement aimed at ending the US war with Iran, making the declaration at the G7 summit currently underway in Evian-les-Bains, France. Trump hailed the deal as a potential breakthrough for global security, noting that a memorandum of understanding was in place, though full details are expected to be released later this week. The agreement reportedly involves the reopening of the Strait of Hormuz and financial relief for Iran, including the release of frozen funds and a $300 billion reconstruction fund, contingent on Tehran meeting certain benchmarks.

Despite the announcement, the specifics of the deal remain largely undisclosed, leading to skepticism. The agreement follows a 15-week conflict that has impacted global energy prices, and Trump has faced criticism from some G7 leaders for not consulting them prior to the decision to go to war.

Regional tensions persist, with reports of recent Israeli breaches of a ceasefire in Lebanon and ongoing claims by Iran regarding fees for passage through the Strait of Hormuz, highlighting the delicate political landscape surrounding the deal.