Key facts
- President Donald Trump signed a peace deal with Iran.
- The agreement requires Iran to dilute its highly enriched uranium stockpile.
- U.S. sanctions on Iran will be waived, allowing immediate oil sales.
- The deal takes immediate effect, with a 60-day window for final nuclear program negotiations.
- Pakistan's Prime Minister Shehbaz Sharif announced the peace agreement.
- China's C919 jets are grounded for safety checks.
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. The deal, announced by Pakistan's Prime Minister Shehbaz Sharif, takes immediate effect and begins a 60-day negotiating period for a final agreement on Iran's nuclear program. Trump signed a physical copy of the deal while dining with French President Emmanuel Macron in Versailles, France. Separately, China's C919 jets have been grounded for safety checks, according to SCMP.