Trump: 'Deal with Iran is signed! Ships of the world, start your engines'

President Donald Trump declared on Monday that a comprehensive agreement with Iran has been signed, with its contents to be unveiled following an official ceremony scheduled for Friday. He further asserted that the Strait of Hormuz will be fully reopened for maritime traffic upon the agreement's finalization.

Speaking with French President Emmanuel Macron ahead of the G7 summit, Trump indicated uncertainty about his personal attendance at the Geneva ceremony but confirmed Vice President JD Vance would be present. "The deal is fully signed. And the strait, as you know, is already partially open," Trump told reporters shortly after arriving in Evian, France. "On Friday, it will be fully open."

Earlier, Vance stated the memorandum of understanding was digitally signed on Sunday, with no financial assets released. Regarding the public release of the text, Trump suggested it would happen "very soon," likely after Friday. He also linked any potential sanctions relief for Tehran to Iran's future conduct, stating, "It really is a matter of behavior. If they do what they need to do, then it will start to take effect."

Official reaction from Tehran was pending. Previous indications from both sides pointed to a formal signing ceremony in Geneva on Friday. The fragility of such agreements was underscored by an Israeli drone strike on a car in southern Lebanon, where Israel has been engaged in conflict with Hezbollah. Iran has insisted that any deal must include a complete cessation of hostilities in that region as well. Oil prices dropped sharply on expectations that an end to the conflict would ease global energy supply disruptions, while stock markets surged.

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The deal is fully signed. And the strait, as you know, is already partially open. On Friday, it will be fully open.