Trump's Iran deal: US officials reveal 14-point agreement, G7 leaders back it

US officials have revealed details of a 14-point Memorandum of Understanding (MOU) with Iran, which G7 leaders are reportedly endorsing. This agreement, digitally signed on Sunday and slated for formal signing in Switzerland on Friday, aims to end military hostilities, including in Lebanon, and facilitate the reopening of the Strait of Hormuz within 30 days.

The provisions of the MOU include Iran's commitment not to produce nuclear weapons, with the US agreeing to allow the dilution of Iran's highly enriched uranium stockpile under a future comprehensive agreement. Additionally, Iran is expected to resume oil exports and receive sanctions waivers and the release of frozen assets, potentially including a $300 billion development fund or $25 billion in assets. A 60-day period has been set for further negotiations to finalize nuclear issues and the complete lifting of sanctions.

While G7 leaders have lauded the deal as a "historic opportunity," President Trump has cautioned that this is not a final agreement. He warned that military actions, such as bombings, could resume if Iran does not adhere to the terms.