A senior US official has outlined the terms of the US-Iran memorandum of understanding, with US President Donald Trump saying the agreement was aimed at preventing “economic catastrophe”.
A senior US official has publicly outlined the contents of a US-Iran memorandum of understanding, revealing key provisions of the agreement days after it was signed electronically.
The 14-point deal was read during a briefing call and includes a commitment for the United States to immediately lift its blockade and suspend Iranian oil sanctions.
US President Donald Trump said he expected the agreement to be formally signed on Friday.
“The deal we reached with Iran on Sunday will be signed shortly, tomorrow, maybe the next day,” Trump said at the G7 summit.
“We are going to most likely sign a deal,” he added.
Trump said the agreement was designed in part to avoid wider global economic disruption.
“So, the one thing I didn’t want to see is I didn’t want to see economic catastrophe,” Mr Trump said.
“If you kept this going, that could have happened.”
He said military action had been limited in scope, adding that strikes had targeted “everything but the oil”.
“I didn’t want to ruin the world market,” he said.
“I didn’t want to do that, no.
“It would have been so easy and I would have satisfied a group of 10 per cent of the people, but it would have been the wrong thing to do.
“It could have caused an international depression … maybe not.”
Trump also warned of consequences if Iran failed to comply with the terms of the agreement.
“If they are not behaving, they will be hit again,” he said.
“They don’t want to get bombed, they don’t want to get hit.”
Speaking at the final press conference of the G7, Trump said he was still considering whether to attend a signing ceremony in Europe.
Mr Trump also suggested the agreement might instead be handled by US Vice President JD Vance.
“If it works out I am going to take the credit; if it doesn’t work out I’m blaming JD! You better be careful, JD.” Trump said.
“He is going to turn his plane around and get the hell out of here!”
He confirmed Washington had shared the accord with Israel following reports of tensions with Prime Minister Benjamin Netanyahu.
Mr Trump also said Iran would not be allowed to develop nuclear weapons, but indicated it could retain some missile capability.
“I mean, they have to have some,” he said.
“Because other people have some.
“Missiles aren’t the problem … they don’t blow up the planet.”
With Reuters
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US releases text of peace plan deal with Iran – Sky News Australia
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