Trump administration releases preliminary agreement with Iran

Key developments are emerging from the global stage. Politics Trump administration releases preliminary agreement with Iran Updated June 17, 20262:58 PM ET Originally published June 17, 20265:00 AM ET Deepa Shivaram President Trump speaks during a media conference at the end of the G7 summit in Evian-les-Bains, France, on June 17. Anna Moneymaker/Getty Images hide caption toggle caption Anna Moneymaker/Getty Images The Trump administration shared the details of the preliminary agreement to end the war with Iran on Wednesday, as President Trump took questions from reporters in Evian, France, at a press conference that capped off his visit to the G7 summit. Senior administration officials, who briefed reporters on condition of anonymity, read the agreement in its entirety.

Iran has not released any details yet. Trump had announced the two sides struck an agreement on Sunday but the specifics of the plan had not been made public until Wednesday -- causing a lot of speculation and confusion about what is and isn't outlined in the framework. Sponsor Message As expected, the entire document is fairly short and light on details, with much left to be sorted out in future negotiations.

The Details

Middle East conflict U. and Iran announce an initial deal to end the war and reopen the Strait of Hormuz According to the document read by the senior administration official, the U. and Iran declare "the immediate and permanent termination of military operations on all fronts" — including in Lebanon.

The two sides also promise "not to initiate" any further war or operation against each other. It sets out a 60-day period — extendable if both sides agree — to negotiate a final deal. Upon signing, which Trump says will take place in the coming days, the agreement says the U.

will begin the removal of its naval blockade and will "fully end" the blockade within 30 days if a final deal is reached. Iran, according to the agreement, will use its "best efforts" to ensure the safe passage of commercial vessels traveling between the Persian Gulf and the Sea of Oman. Those vessels would not be charged for 60 days.

What Experts Say

will work with regional partners to create a fund of up to $300 billion for reconstruction and economic development for Iran, according to the framework. Trump, during his press conference, said the U. would not be directly contributing to this fund, though he did say it may be possible for other countries to invest in Iran.

Sponsor Message The U. will also lift its sanctions against Iran as a part of reaching a final deal, according to the agreement. Finally, the framework says Iran will not "procure or develop nuclear weapons" and the U.

and Iran agree to make a plan to find a resolution to what happens to the stockpile of enriched uranium that Iran has that's deep underground. The agreement also states that while sanctions will officially remain in place until a final deal is struck, the U.

The story has become one of the most prominent items on the global agenda.