Trump administration releases preliminary agreement with Iran

Key Points:

• The Trump administration revealed a preliminary agreement to end the war with Iran, declaring an immediate and permanent halt to military operations, including in Lebanon, and promising no initiation of further conflict between the two sides.
• The agreement outlines a 60-day negotiation period for a final deal, during which the U.S. will begin lifting its naval blockade, and Iran will ensure safe passage of commercial vessels without charges for 60 days.
• The U.S. plans to collaborate with regional partners to establish a $300 billion fund for Iran's reconstruction and economic development, though it will not directly contribute, and will lift sanctions upon reaching a final deal.
• Iran commits to not developing nuclear weapons, with both sides agreeing to develop a plan for Iran's enriched uranium stockpile, while sanctions remain in place until a final agreement but with waivers for Iranian oil exports and related transactions.
• President Trump emphasized the deal's economic necessity, warning that continued conflict would have severely damaged global markets, and stated that any economic relief for Iran would be merit-based and not directly provided by the U.S.