Trump signs $300 billion deal with major concessions for Iran

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U.S. President Donald Trump meets with Egypt's President Abdel-Fattah el-Sissi on the sidelines of the G7 summit, Wednesday, June 17, 2026, in Evian-les-Bains, France. (AP Photo/Julia Demaree Nikhinson)

President Donald Trump signed an agreement with Iran on Wednesday that calls for Tehran to dilute its stockpile of highly enriched uranium and waives U.S.-backed sanctions on the country, immediately allowing Iran to sell its oil freely in a major concession from Washington, according to details released by both countries.

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