Trump signs Iran peace plan, claiming deal averts ‘worldwide depression’

TL;DR

Donald Trump signed a 14-point agreement with Iran, described as a "major win" for the US.
The deal involves political and financial concessions to Iran to reopen the strait of Hormuz and prevent a 'worldwide depression'.
Trump indicated the US would not pressure Iran to abandon its ballistic missiles program and would return billions in frozen assets.
Key provisions include the potential down-blending of Iran's enriched uranium stockpile under IAEA supervision.
The agreement lifts the US naval blockade on Iranian ports and issues waivers for Iranian crude oil exports.
It includes a ceasefire that restrains Israel from military operations in Lebanon and ensures Lebanon's 'territorial integrity'.
In return, Iran agrees to restrain its foreign allies and reaffirms it shall not procure or develop nuclear weapons.
The deal allows toll-free passage of ships through the strait of Hormuz for 60 days, after which Iran plans to charge a fee.
A $300bn reconstruction fund for Iran is planned, funded by regional Gulf partners, with US non-investment stressed.
The G7 leaders welcomed the deal but called for follow-on agreements on Iran's ballistic missile program, which Iran may reject.
Trump defended the concessions by citing the market's positive reaction and the alternative of a global depression.
Concerns were raised by experts about the administration's expertise in handling the complex negotiations.

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