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At the G7 summit in Evian-les-Bains, France, President Trump announced that the US-Iran agreement is 'officially finalized,' and he has given the green light for the toll-free reopening of the Strait of Hormuz along with the lifting of the US naval blockade. A 14-point memorandum of understanding, which is anticipated to be officially signed in Switzerland later this week, outlines a 60-day extension of the ceasefire and includes Iran's commitment, in principle, to refrain from enriching new uranium for a period of 15-20 years and to dismantle its nuclear facilities. In return, around $24 billion in frozen Iranian assets will be released. However, state media in Iran has reported that the current draft of the MOU contains 'no new commitments' regarding nuclear weapons, leading to conflicting narratives. G7 leaders like Macron, Sunak, and Scholz have welcomed Trump while also expressing new concerns about US tariffs and uncertainties surrounding NATO, even as they show support for potential relief in Hormuz.

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00:00the world's most watched diplomatic moment just landed in the french alps president trump has arrived at the group of
00:06seven summit in evian as the most dominant figure in the room
00:10declaring the u s iran deal now complete and announcing on truth social that he has authorized the toll-free
00:17opening of the strait of hormuz and the immediate removal of the u s naval blockade
00:22the framework a 14-point memorandum of understanding commits iran in principle to not enriching new uranium for 15 to
00:3020 years and to dismantling its nuclear sites in exchange for roughly 24 billion dollars in frozen assets being released
00:38the deal is expected to be formally signed in switzerland later this week but iran's state media is already pushing
00:45back saying the current draft includes no new commitments on nuclear weapons
00:49setting up a dangerous gap in expectations g7 allies are ready to help demine the strait but they arrive with
00:58fresh grievances over u s tariffs and trump's repeated questioning of nato this deal is either the biggest diplomatic win
01:05of trump's second term or the start of a new crisis
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