Details of the 14-point agreement revealed as senior US officials claim ‘major win’ despite significant concessions to Tehran

• Reaction: Donald Trump’s Iran deal met with anger, relief and incredulity

• Analysis: Trump’s Iran deal is result of unrealistic ambitions for an untenable war

Donald Trump has signed a 14-point agreement with Iran, claiming it delivered a “major win” for the United States – even as it made significant political and financial concessions to Iran to reopen the strait of Hormuz and prevent a “worldwide depression”.

In extraordinary remarks on Wednesday, Donald Trump went from threatening Iran with a new wave of attacks to suggesting the country had basic rights to enrich uranium for civilian use, that he would not pressure Tehran to abandon its ballistic missiles programme and the US was “going to have to give back” billions of dollars in frozen Iranian assets.

French president welcomes group’s unity after ‘very deep change’ in Washington’s approach

Emmanuel Macron has said the whole of the G7, including the US, recognises “the territorial integrity of Ukraine” as he hailed a “re-synchronisation” of positions on the issue.

The French president welcomed a “very deep change in the US approach”, saying Donald Trump and all the leaders present at the G7 summit at Évian-les-Bains understood that Vladimir Putin was not interested in peace.

At G7 meeting in France, president angrily rejects suggestions US will contribute to $300bn fund for Iran

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• Middle East crisis – live updates

Donald Trump has responded to criticism of his ceasefire deal with Iran, warning at the G7 summit that he was prepared to go back to dropping bombs and insisting the deal did not require the US to pay even 10 cents to Iran.

At the same time, he has backed a G7 leaders’ joint statement that welcomes the deal but says a follow-on agreement is necessary to rein in Iran’s ballistic missile programme, an issue not directly addressed in the memorandum of understanding that is due to be signed on Friday by Iran and the US.

Abbas Araghchi says war ‘not fully come to an end’ without Israeli forces leaving territories occupied during present conflict

• Middle East crisis – live updates

Iran’s top diplomat has said a peace deal with the US would require Israel to withdraw from Lebanon, as concern grows that Israel could undermine diplomatic efforts to finally end the Middle East war, with Donald Trump even criticising his ally and war partner as irresponsible.

“Without the withdrawal of Israeli forces from the territories they occupied during this war, the war has not fully come to an end,” said the Iranian foreign minister, Abbas Araghchi.

Call at G7 summit in France comes as Ukraine president tells US counterpart Kyiv is no longer losing on battlefield

• Europe live – latest updates

European leaders at the G7 summit have urged Donald Trump to try to break the deadlock over ending the Ukraine war by taking up the proposal for him to host talks in the US between Volodymyr Zelenskyy and Vladimir Putin.

The US president lamented “the great antipathy” between the Ukrainian and Russian leaders that made it difficult to reach a settlement, and vowed to do what he could. He said Moscow “should make a deal”, noting that it had “lost a great many people, just like Ukraine”.

US president says strait of Hormuz will be open from Friday but questions remain over waterway fees and Israeli breaches of ceasefire in Lebanon

• Tallying the global cost of the US-Israel war against Iran

Donald Trump has declared that the strait of Hormuz will be “completely open” from Friday, as western leaders gathering at the G7 summit in Évian-les-Bains battled to prevent the fragile US deal with Iran from almost immediately unravelling.

“The deal’s all signed. And the strait ⁠is already partially opened,” Trump said as he arrived at the summit in France, but Israeli breaches of the ceasefire in Lebanon and Iran’s claims about its right to charge fees in the crucial waterway revealed the agreement’s many loose ends.

US president left last meeting early, but world leaders aim to end Ukraine war and push for resolution in Gaza and Iran

Emmanuel Macron, the host of the G7 summit in Évian-les-Bains, has framed an agenda to make it as palatable as possible to his guest of honour, but the French president has no idea if Donald Trump, a haphazard summit attender, will last the full three days – or disrupt the proceedings every hour he stays.

The US president quit the last G7 summit in Kananaskis, Canada, early to work on the Iran conflict, and this year, plus ça change, Iran may also draw presidential attention. For good measure, he insulted this summit’s host before leaving Canada last year, describing Macron as “publicity seeking” and adding: “Purposefully or not, Emmanuel Macron always gets it wrong.”