President Donald Trump said the U.S.-Iran memorandum has been signed, the Strait of Hormuz is partially reopened and the agreement’s text will be released soon as officials prepare for a formal signing ceremony Friday in Switzerland.
By yourNEWS Media Newsroom
President Donald Trump said Monday that the United States and Iran have signed a memorandum of understanding aimed at reopening the Strait of Hormuz and preventing Tehran from obtaining a nuclear weapon, adding that the full text of the agreement will be made public soon.
Trump discussed the agreement during a meeting with French President Emmanuel Macron, saying the central purpose of the deal is to ensure Iran does not acquire nuclear arms.
“The main thing is that Iran will not have a nuclear weapon,” Trump said, adding that Iranian officials “fully agree.”
According to the information provided, Trump and Vice President JD Vance have signed the agreement on the American side, while Iran’s Speaker of Parliament has signed on Iran’s side. A formal signing ceremony is scheduled for Friday in Switzerland.
Trump said the agreement is already in effect in some respects, particularly concerning shipping through the Strait of Hormuz.
“The deal’s all signed,” Trump said. “The Strait is already partially opened. As you know, they’re doing a little hunting for a couple of mines that they’ve already found, but it’s– essentially, ships are starting to go out now. On Friday, it will be completely opened.”
The president said the agreement is already affecting markets, pointing to lower oil prices and a rising stock market.
“I think a lot of great things are going to happen in the Middle East right now,” Trump said, citing the “plummeting” price of oil and saying the stock market was “shooting up like a rocket today.”
Trump said Iran’s nuclear program was the core issue behind the agreement and said the deal includes enforcement mechanisms.
“And the main thing is that Iran will not have a nuclear weapon, they fully agree to that with strong policing powers, and they won’t have a nuclear weapon, which is what it was all about, because they probably would have used it if they had it,” Trump said.
Trump also used the moment to criticize the 2015 Joint Comprehensive Plan of Action, the nuclear agreement reached under former President Barack Obama. Trump withdrew the United States from that agreement during his first term.
“We had two big moments when they terminated the JCPOA, that was the Obama deal, the Barack Hussein Obama deal, and when I terminated that, it was very important, because it was a road to a nuclear weapon,” Trump said.
The president also accused Obama of attempting to “bribe” Iran with $1.7 billion.
Trump confirmed that Vance is expected to attend the Friday signing ceremony, though Trump said he may not be present because he plans to leave France on Wednesday evening.
“I may be involved, I may not, but JD was coming in for that specifically,” Trump said.
The president said he wants the memorandum released publicly and described it as stronger than the Obama-era nuclear deal.
“I want it to be released because it’s a very powerful document,” Trump said. “It’s not like the Obama document, which was just a terrible document. This is a very powerful document, and I want it to be released.”
Trump suggested the text may be released after Friday’s formal signing, when the Strait of Hormuz is expected to be fully reopened.
“So, probably pretty soon, I would say sometime after Friday, because the straight opens completely; it’s open now, but it opens completely. We’ll have all the mines knocked out for the most part. We have a lot of lanes right now already. So, I think sometime, I think sometime in the very near future,” Trump said.
A senior U.S. official later said the text could be released within the next 24 to 48 hours, according to the information provided.
The timing of the release has become a focus as critics of Trump’s peace efforts demand to see the full agreement. Trump said the administration intends to make the document public, though he indicated the release may be tied to Friday’s signing and the full reopening of the waterway.
Asked about sanctions relief for Iran, Trump said any easing would depend on Tehran’s conduct.
“It’s really a behavioral thing. If they do what they’re supposed to do, that starts taking effect,” Trump said.
Trump also addressed continued Israeli strikes in Lebanon, saying the administration wants to resolve that part of the conflict as well.
“We do want to see if we can straighten out the Lebanon thing because it just seems to just never end, and that’s a mini version of what we were doing, but it should not be tough, should not be tough. So, Hezbollah, we have to, we have to have a little talk with them,” Trump said.
The agreement is expected to move forward with the Friday ceremony in Switzerland, where Vance is scheduled to represent the administration if Trump does not attend. Officials say the memorandum will outline the terms governing Iran’s nuclear commitments, sanctions relief, the reopening of the Strait of Hormuz and related regional issues.
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