In a declaration issued overnight, the leaders called the deal a “historic opportunity to prevent Iran from acquiring any nuclear weapon and tackling the threats related to its regional and ballistic activities.” The leaders said that they were “ready to contribute to its implementation,” although neither the White House nor Iran has released the text of the agreement.
According to leaked copies of an interim agreement, Iran will immediately take steps to reopen the Strait of Hormuz once the deal is signed and will be allowed to sell its oil without restrictions. Officials say the leaked text broadly matches the document.
The accord, due to be signed in a ceremony in Switzerland on Friday, lays out that the U.S. would work to end all American and United Nations sanctions imposed on Tehran if a final agreement addressing Iran's nuclear program is reached.
Trump, however, said the deal is still under wraps. He was speaking at a one-to-one meeting with Egyptian President Abdel-Fattah el-Sissi.
“Nobody knows what it is but it’s very strong,” he told reporters. He added: “It’s a memorandum of understanding and if I don’t like it, we’ll go back to shooting at them, dropping bombs.”
The final day of summit talks started late with Trump, the last to arrive, saying “I’m the boss” as he entered the room and sat next to host French President Emmanuel Macron. The assembled leaders laughed, and Trump grinned.
What's in the deal
The deal also calls for an immediate end to all fighting in Lebanon between Israel and the Iranian-backed Hezbollah terrorist group. That is one of the most delicate parts of the agreement because Israel has maintained it will continue to defend itself and to occupy vast swaths of Lebanon. Iran has said Israel must withdraw under the deal, though the leaked versions make no mention of withdrawal.
In their declaration, G7 leaders said they supported “through an immediate robust ceasefire” Lebanese efforts to disarm Hezbollah, and protect Lebanon’s territorial integrity and sovereignty.