US, Iran Presidents Signs Initial Peace Deal Digitally and Remotely

The leaders of the US and Iran have signed an initial peace deal aiming to end the war, allowing it to immediately take effect.

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 $300 billion 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.

US President Donald Trump, who signed the deal in France during the G7 summit, defended the proposal, saying it would stave off an "economic catastrophe". 

He warned, though, that the US would "bomb the hell" out of Iran if no final deal emerged.

Iranian President Masoud Pezeshkian also signed the document on Wednesday, Tehran confirmed.

Iran's parliamentary speaker and key negotiator, Mohammad Bagher Ghalibaf, told state media his distrust of the US remained, and Iran's "finger is on the trigger".

Source: BBC | Reuters