I’ll resume bombing if Iran acts up, Trump warns after criticism of deal

Key Points:

• At the G7 summit, Donald Trump defended his ceasefire deal with Iran, warning he is ready to resume military strikes if Iran misbehaves, and denied that the US would contribute financially to a $300bn investment fund for Iran, attributing potential investments to Gulf states contingent on Iran’s behavior.
• Trump supported the G7 leaders’ joint statement welcoming the deal but emphasized the need for a follow-up agreement to address Iran’s ballistic missile program, a topic not covered in the imminent memorandum of understanding between the US and Iran.
• The G7 statement called for broader international involvement, including the UN nuclear agency (IAEA), in future negotiations with Iran, while also endorsing a France-UK led taskforce to secure maritime traffic through the Strait of Hormuz, proposals likely to be rejected by Iran.
• On Ukraine, the G7 leaders praised recent battlefield gains and committed to increasing sanctions on Russia and providing additional military support to Kyiv, marking a rare instance of Trump aligning with the group’s unified stance on the conflict.
• The memorandum of understanding between the US and Iran, due to be signed on Friday, includes lifting US sanctions on Iranian oil exports and related industries, reopening the Strait of Hormuz, and establishing a $300bn reconstruction fund, but postpones discussions on Iran’s nuclear stockpile reduction.