Vice President Vance will take his second turn filling in for White House Press Secretary Karoline Leavitt on Friday, as the administration faces widespread backlash over its deal to end the Iran war and reopen the Strait of Hormuz. Vance has been the lead U.S. negotiator with Iran and has been all over television defending the deal in recent days, as the agreement coincides with his book tour. President Trump played down expectations for the memorandum of understanding during a press conference at the G7 summit in France on Thursday, while arguing he achieved 99 percent of his war aims. But many Republicans have been highly critical of provisions that give Iran a much-needed economic lifeline, without extracting any concessions on its…
While the Iranians suffered substantial losses in the war, they emerged from a confrontation with the world’s most powerful military having proved they can use economic chaos as a weapon.
A Trump administration official read the terms outlined in the memorandum to reporters earlier in the day, which addressed Iran's nuclear program, ongoing fighting in Lebanon, sanctions relief, and plans for the release of frozen funds.
The Trump administration has disclosed the terms of a new memorandum of understanding with Iran, including immediate oil export waivers and a $300 billion economic framework.
PULSE POINTS WHAT HAPPENED: The Trump administration has outlined a memorandum of understanding with Iran, which includes immediate waivers on Iranian oil exports and a framework for $300 billion in reconstruction and economic development. The agreement also sets a 60-day negotiation period to finalize terms on Iran’s nuclear program. DETAIL: The 14-point memorandum , shared with the press on Tuesday, allows Iranian crude oil exports to resume immediately, with the U.S. Treasury issuing waivers. The agreement also proposes a $300 billion plan for Iran’s economic development, contingent on a final deal and Iranian compliance, although the administration insists the U.S. does not have to invest in it. Notably, the memorandum does not…Open
President Trump says the U.S. and Iran have agreed to a memorandum of understanding (MOU) to end the ongoing war. The text has not been released — and Trump says it won’t be released until it’s signed in person on Friday — but several media outlets obtained text of the 14-point deal. “Conservative pundits and hawkish Iran experts are warning against any agreement that gives up key leverage against the Islamic Republic, or opens access to badly needed funds, without completely giving up its nuclear capacity,” The Hill’s Laura Kelly and Colin Meyn report. For example: “It would reportedly allow Iran to immediately restart oil exports free from U.S. trade and banking sanctions, while Gulf states would contribute to a $300…
The U.S., Iran and the mediators are discussing holding the signing of the memorandum of understanding remotely as early as Wednesday, rather than in-person on Friday, according to a diplomat from one of the mediating countries and a second source familiar with the discussions. Why it matters: If that happens, the MOU would be signed electronically, the parts of the deal concerning the Strait of Hormuz would go into effect, and the U.S. might finally release the text of the agreement. - The diplomatic source said the discussions around accelerating the timetable were intended to open the strait sooner than Friday, as both parties were in agreement on that issue. - Another factor could be the political pressure on the White House to…
