WASHINGTON (AP) — President Donald Trump said he signed an agreement with Iran Wednesday that U.S. officials say calls for Tehran to dilute its stockpile of highly enriched uranium and waive sanctions on the country, immediately allowing Iran to sell its oil freely in a major concession from Washington.
Pakistani Prime Minister Shehbaz Sharif, who helped mediate the initial deal to end the war, said it is taking ‘immediate effect’ after leaders from both countries signed it, but that there will still be a formal signing ceremony on Friday.
The agreement would open the Strait of Hormuz toll-free for two months and affirm a commitment to Lebanon’s territorial integrity in the face of Israel’s invasion against the Hezbollah militant group, according to officials from both countries.
In a video posted online by a White House aide, Trump is seen seated at a table next to Macron signing a paper copy of the agreement.
Trump then hands the document and pen to Secretary of State Marco Rubio as people in the room applaud.
“It’s signed,” Trump said as he left Versailles, the historic palace where he dined with French President Emmanuel Macron following a trip to the Group of Seven summit in France.
A U.S. official, who spoke on condition of anonymity to share details about the agreement, said Iranian President Masoud Pezeshkian also signed it Wednesday, though Iran did not immediately comment.
It wasn’t immediately clear if that act started a 60-day negotiating clock to reach a final deal.
It was also not clear how Trump’s signing of the deal at Versailles differed from his digital signing on Sunday.
The draft read by U.S. officials includes language that Iran agrees not to develop or procure nuclear weapons and requires that Iran’s highly enriched uranium be downgraded on site as a minimum.
In return, the U.S. will move to waive, but not eliminate, some wide-ranging sanctions against Iran.
The agreement also secures free passage of the strait, the crucial passage for the world’s oil and natural gas and whose closure created a historic energy crisis.
Since then, Iranian attacks on shipping and the threat to vessels effectively shut the strait.
The strait’s closure drove up energy prices around the world and made many basics, including food, more expensive.
Iran let through some vessels that paid tolls, something never done before in the strait, which has long been considered an international waterway.
The U.S. later provided military support to get other tankers out, but traffic was nowhere near levels before the war.
The deal also says the U.S. will lift a blockade imposed on Iranian ports and that the strait will return to its prewar traffic levels in 30 days, while acknowledging Iranian mines may need to be destroyed.
But the interim deal falls short of all those goals, though Trump hailed it Wednesday.
“Nobody knows what it is, but it’s very strong,” Trump said in France, where he attended a Group of Seven summit.
But he also opened the door to abandoning it: “It’s a memorandum of understanding, and if I don’t like it, we’ll go back to shooting at them, dropping bombs.”
The U.S. and Israel went to war on Feb. 28 in part to prevent Iran from ever getting a nuclear weapon.
Trump has cited various goals for the war, including at times vowing it would end Iran’s nuclear and missile programs and its support for Hezbollah and other proxy groups in the region.
He also suggested it could lead to toppling the Iranian government.
The accord likely will draw intense opposition in Washington, and it appears to be a major setback for Israeli Prime Minister Benjamin Netanyahu, who has come under criticism at home from the media, his opponents and even some allies as details emerge.
The interim deal falls short of all those goals, but Trump hailed it Wednesday.
The U.S. agreement to immediately allow Iran to sell its oil freely and the offer to eventually lift all sanctions represent major concessions that go beyond the terms of Iran’s 2015 nuclear deal with world powers.
Trump withdrew America from that Obama-era pact in his first term, declaring it the “worst deal ever.”
The Islamic Republic maintains that its nuclear program is peaceful.
The interim deal also opens the door to ending all sanctions Iran faces from the U.S. and at the U.N. — including those over Tehran’s weapons programs and human rights abuses — though it says the schedule for that will be worked out later.
Still, that far surpasses the 2015 deal, which only lifted some sanctions in exchange for Iran drastically reducing its enrichment and stockpile of uranium.
The accord would also provide Iran with at least $300 billion to rebuild — an extraordinary figure and another major benefit for Iran.
The money also appears dependent on the progress of further negotiations.
Vance has said Gulf Arab nations would invest that amount.
But Gulf countries would likely be reluctant to help Iran after Iranian attacks in the war destroyed oil facilities and other sites in their territory.
Trump reiterated Wednesday that the U.S. would not contribute and said it was up to other countries if they wanted to invest.
Gambrell reported from Dubai.
Magdy reported from Cairo.
Catalini reported from Morrisville, Pennsylvania.
Associated Press writers Aamer Madhani in Evian-les-Bains, France, Darlene Superville in Geneva, Angela Charlton in Paris and Munir Ahmed in Islamabad contributed to this story.