President Donald Trump announced from the G7 summit in France that an upcoming peace accord will permanently block Iran from developing nuclear capabilities. The agreement, which officials expect to sign in Switzerland this Friday, looks to halt a devastating conflict that has cost thousands of lives, including 13 U.S. service members, and disrupted global markets.

Terms of the Agreement

Beyond the nuclear restrictions, the truce aims to resolve major economic and naval standoffs. Under the anticipated terms, the Strait of Hormuz will return to its pre-war, toll-free status, and the United States will lift its current naval blockade on Iranian ports. Trump emphasized that preventing a nuclear escalation remains his primary objective.

Trump also used the platform to fiercely reject rumors regarding financial concessions to Tehran, denying that the agreement involves any American payouts. Taking to social media, Trump stated that the story of the U.S. paying Iran $300 million is “Fake News, put out by the Dumocrats!!!”

Original reporting: Tampa Free Press — read the source article.