A US-Iran agreement to extend the ceasefire between the two countries has been signed and is now in effect, a White House official has confirmed to the BBC.
President Donald Trump formally signed the deal - which is set to reopen the pivotal Strait of Hormuz - while attending the G7 summit in Evian-les-Bains in France.
The 14-point agreement, which is known as a Memorandum of Understanding, says that Iran will never have a nuclear weapon, and also commits a $300bn fund for the "reconstruction and economic development" of the country - although the US is not required to contribute. It comes four months after the conflict between the countries - and Israel - broke out.
The agreement has been described by the Trump administration as "performance-based", with Iran benefitting only if it complies with its commitments.
FULL ARTICLE AT: https://www.bbc.co.uk/news/articles/cvgmqzr6p9mo
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