The interim agreement would extend a tenuous ceasefire announced in April by another 60 days and reopen the Strait of Hormuz.

Leaders of both the U.S. and Iran have signed a memorandum of agreement on ending the war in Iran, and it “shall enter into force with immediate effect,” Pakistani Prime Minister Shehbaz Sharif said Wednesday.

President Trump on Wednesday defended his agreement to end the Iran war, saying he wanted to avoid an “economic catastrophe” that could have resulted if the conflict the U.S. launched had continued. Trump said he was influenced by the stock market’s rise as he worked toward a resolution of the conflict.

President Donald Trump and G7 leaders are focusing on the Ukraine war and Trump is considering reimposing sanctions soon on Russian oil shipments

Donald Trump said America will not invest in Iran as part of the ceasefire deal between the two countries, denying reports of a $300bn investment fund. He added that if Iran does not “behave”, America will “go right back to dropping bombs”.

Trump has started his visit to the G7 summit by hailing an agreement aimed at ending the U.S. conflict with Iran.

President Trump says the agreement to end the conflict with Iran isn't final and warned the U.S. could resume strikes if Iran doesn't "behave."

President Donald Trump is in France for the 2026 G7 summit after securing a U.S.-Iran peace deal. He told reporters the U.S. is "not investing any money in Iran." U.S. President Donald Trump said Tuesday that America will not invest money in Iran after a Memorandum of Understanding was agreed with Tehran.