Trump Secures Preliminary Iran Ceasefire Deal at G7 Summit

President Donald Trump signed a 14-point, two-page memorandum of understanding (MOU) with Iran on June 17, 2026, at a dinner in the Palace of Versailles during the G7 summit in Évian-les-Bains. The MOU mandates an immediate cease-fire, a 60-day window for a final agreement, a waiver for Iranian oil exports, and a $300 billion reconstruction fund. A formal signing is slated for Switzerland within days. The war had blocked the Strait of Hormuz, stranding about 1,500 vessels.

PBS News Hour

The conflict began on Feb. 28, 2026, after US-Israeli strikes, prompting Iran to close the Hormuz chokepoint. Earlier G7 meetings saw Trump depart early and clash with allies over tariffs and Ukraine. Macron’s Versailles invitation aimed to keep Trump at the summit.

The Conversation

Trump said the agreement could not have come at a better time and warned that success would be credited to him while failure would be blamed on Vice President JD Vance. Macron described the pact as a very good deal that ends great instability. The G7 statement praised Trump’s leadership and reaffirmed unwavering support for Ukraine. French Finance Minister Roland Lescure said the signing surprised French ministers.

Associated Press

Italian Prime Minister Giorgia Meloni said Trump’s claim she “begged” for a photo was “fabricated” and asserted “Italy and I do not beg.” Foreign Minister Antonio Tajani cancelled a US visit, calling the remarks “serious and offensive.” Senators Bill Cassidy and Ted Cruz called the deal a “national-security blunder.” Israeli officials doubted Iran’s nuclear commitments.

France 24

Sources disagree on the MOU’s length (two pages versus a 14-point list) and on whether Iran will halt its ballistic-missile program. The text has not been released; officials have given only verbal summaries. Some reports cite a “no-charge” oil-export waiver, others say sanctions stay until a final deal. Verification details for the 60-day window are missing.

Roll Call

— “We found a great deal of unity here at the G7,” — Donald Trump, press conference

Associated Press

— “This way, if it works out, I’m going to take the credit. If it doesn’t work out, I’m blaming JD. You better be careful, JD.” — Donald Trump, interview

Associated Press

— “because it's an agreement that puts a stop to a situation of great instability that had terrible consequences for our economies.” — Emmanuel Macron, post-summit remarks

PBS News Hour

— “Donald Trump’s statements are completely fabricated.” — Giorgia Meloni, video statement

Al Jazeera (website)

Vice President JD Vance will lead the US team to Switzerland for the formal signing. US senators have asked for briefings on the MOU. France and the UK will head a joint maritime mission to monitor the Strait of Hormuz. The 60-day talks will decide whether a final Iran-US agreement is reached.

Roll Call