"We got what we wanted several times over," claims Iran's chief negotiator Mohammad Ghalibaf.
But there are many question marks surrounding the 14-point agreement Trump signed at a dinner connected to the G7 meeting at the Palace of Versailles in France on Wednesday.
In the US, the deal is being criticized by both Democrats and members of Trump's own party, the Republicans. An analysis in The New York Times says Tehran has shown it can use economic chaos as a weapon. That prompted an angry post by Trump on Truth Social on Thursday.
"These fools who think I haven't been tough enough on Iran, when the stock market just hit an all-time high and oil prices are plummeting, are either jealous, bad people, or stupid," the president wrote.
A record defeat?
The day before, in France, Trump had warned Iran that bombs would fall “right on their heads” if they didn’t “behave.” He also emphasized that the statement of intent is just that - it cannot contain all the details that the outside world might want.
On Thursday night, Iranian President Masoud Pezeshkian also signed the agreement, which he called "historic" and "a message from a powerful Iran" in a social media post hours later.
Iran's chief negotiator and speaker Mohammad Ghalibaf had called the deal "a record defeat" for the US on state television and claimed that Iran had achieved a "several times" better result through negotiations than it could have achieved through military action.
"People will see it and judge for themselves," he said, according to AFP.
Unclear about fees
According to Pakistan, the mediator, the agreement is effective immediately, now that it has been signed. This means that the 60-day period during which a “real” peace agreement will be negotiated - which will include, among other things, the difficult issue of Iran’s nuclear energy program, the lifting of sanctions against Tehran, maritime traffic in the Strait of Hormuz, and an end to Israel’s military operations in Lebanon - has begun.
The talks are set to begin in the mountain resort of Bürgenstock in Switzerland on Friday, the country's Foreign Ministry confirmed to AFP.
The Strait of Hormuz, which is so important for international oil trade, has been blocked by both the US and Iran on several occasions during the war, sending global energy prices soaring. On Thursday, some ships resumed their journey there.
The US has claimed that traffic in the strait will now be “toll-free”, but Ghalibaf seems to claim that this only applies during the 60-day period.
The situation in the Strait of Hormuz will not be the same as before the war (when Iran did not charge), he said on state television, adding that Iran will "of course" charge a service fee.
Facts: The statement of intent
The US and Iran agree to a ceasefire and a 60-day deadline during which they will negotiate a peace solution. The declaration of intent consists of 14 points.
In the first stage, both countries and their allies will cease all hostilities. Lebanon's "territorial integrity and sovereignty will be ensured."
The US will begin to lift its naval blockade of Iran and ensure that Iranian crude oil exports can resume. Frozen Iranian assets will begin to be made available.
Iran will ensure that trade through the Strait of Hormuz can resume for 60 days, including through mine clearance. The country reiterates a promise never to acquire nuclear weapons. Negotiations on Iran's nuclear material are linked to the issue of sanctions relief.
In a possible peace agreement, the US will lift all sanctions against Iran and move all military forces from Iran's vicinity. The US, together with partners in the region, will develop a plan in which Iran will receive the equivalent of just over SEK 2,800 billion for "reconstruction and economic development" in an agreement.
The 60-day deadline can be extended. A final agreement must be approved by the UN Security Council.
