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US and Iran announce interim peace deal

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What happened

President Donald Trump and Iran said Sunday they had reached a preliminary deal to end hostilities and reopen the Strait of Hormuz. Neither side released the text of their memorandum of understanding, but it was slated to go into effect on Friday after a signing ceremony in Geneva and last for 60 days while they negotiate Iran’s nuclear status and the lifting of U.S. sanctions.

Who said what

The deal with Iran “is now complete,” Trump said on social media. “Ships of the World, start your engines. Let the oil flow!” He later said implementation had been pushed back to Friday “for purposes of mine removal.”

The U.S. and Iran “offered conflicting accounts” of what happens after the deal is signed, CNN said. Iran’s deputy foreign minister said negotiations would begin after the U.S. releases billions in frozen funds, a claim rejected by U.S. officials. Trump told The New York Times the agreement would assure that the Strait of Hormuz was “permanently toll-free” and that Iran “cannot develop or purchase a nuclear weapon.” In both cases, Trump “appeared to be celebrating” a “return of the prewar status quo” or “Iranian concessions that the country has not yet made,” the Times said.

What next?

The interim deal, if signed, likely “returns the region to a status that existed before the war, but with Iran having proven its ability to disrupt shipping in the strait,” The Associated Press said. Solving the Iranian nuclear impasse in 60 days is also a “tall order,” Axios said, given how “difficult it was to reach the much less detailed memorandum of understanding.”

“Ships of the World, start your engines,”Trump said on social media