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

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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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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.