Trump claims Iran deal is ‘very strong’
President Donald Trump discussed a memorandum of understanding (MOU) related to Iran during teh G7 summit, though details of the deal remain largely unknown. Trump described the agreement as “very strong” and expressed optimism, noting that the market has responded positively and that the Strait of Hormuz is reopening. Bloomberg reported a 14-point plan outlining a temporary ceasefire involving Lebanon, the lifting of the U.S. naval blockade, and Iran receiving at least $300 billion in financing, though Trump denied U.S. investment in Iran. He emphasized that the U.S.is not funding Iran and that Iran must “behave well” to benefit from any deal. The U.S. and Iran are expected to sign the MOU in Geneva, but Trump warned that if Iran reneges, hostilities could resume, implying that the agreement is tentative and conditional.
President Donald Trump championed the memorandum of understanding with Iran during a bilateral meeting with President Abdel Fattah el Sisi of Egypt at the Group of Seven summit, though he conceded the details of the deal remain unknown to the wider public.
“It’s a very strong deal,” said Trump, speaking in Evian, France, where the summit is taking place. “Nobody knows what it is, but it’s very strong, and most people seem to be very happy.”
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“Who’s really happy is the market, because the market’s gone up thousands of points over the last four or five days since hearing about it,” Trump continued. “And the Strait (of Hormuz) is going to be opening. It’s already partially opened, it’s going to be opening up soon in full over the next day or two.”
Bloomberg published a 14-point plan Tuesday night that lays out the alleged details of the preliminary 60-day ceasefire. Conditions of the agreement call for a ceasefire “on all fronts,” including Lebanon, to the chagrin of Israel, the U.S. to lift its naval blockade of the Strait of Hormuz, and Iran to receive financing of at least $300 billion, although the administration has claimed the “Gulf Coast Coalition,” not the U.S., will provide the funds.
The president denied that the U.S. is investing $300 billion in funds for Iran during the bilateral meeting. “It’s false,” Trump said. “You can invest if you want. What am I going to do, say nobody is ever allowed to invest? We’re not investing. We’re not putting up 10 cents, and people can decide to do it. That’s up to them.”
NUCLEAR PROMISES, UNFROZEN FUNDS, AND LIFTED SANCTIONS PART OF US-IRAN DEAL: REPORT
The U.S. is also not asking Gulf countries to fund the money for Iran, according to Trump. “No, I’m not. If they do it, fine. But I would say they won’t be doing it for a while until they find out the behavior. It’s a behavior thing, but we are not investing,” Trump said.
Trump told reporters on Wednesday, the last day of the G7, that “no, the MOU doesn’t contain ‘immediate sanctions relief’” for Iran. “They have to behave well,” Trump also said as reporters were leaving the bilateral.
Representatives of the U.S. and Iran are expected to sign the MOU on Friday in Geneva, Switzerland, but Trump also cast uncertainty about the final details, claiming that if Tehran reneges, fighting could resume.
“It’s a memorandum of understanding, and if I don’t like it, we’ll go back to shooting and dumping bombs on their head,” he said.
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