US releases text of Iran peace plan as Trump says deal averts ‘worldwide depression’ (opens original article in a new tab)

The Trump administration released a 14-point agreement with Iran, claiming it averts a 'worldwide depression' by reopening the Strait of Hormuz and making concessions, including unfreezing assets and lifting sanctions, while Iran agrees to restrict allies and discuss uranium down-blending.

• Trump administration released 14-point agreement with Iran, claiming it averts 'worldwide depression' and opens Strait of Hormuz.
• Deal includes lifting US naval blockade on Iranian ports, unfreezing billions in assets, and potential sanctions removal for Iran.
• Iran agrees to restrict allies like Hezbollah, allow ship passage through Hormuz, and discuss down-blending uranium stockpile.
• G7 supports deal but seeks further talks on Iran's ballistic missiles, which Iran may reject as Europe is seen as irrelevant in negotiations.